Suzlon Energy Share Price may fall to Rs 71, keep an eye after 10 am for confirmation.

Suzlon Energy, a leading player in the renewable energy sector, has been grabbing headlines lately with its recent developments and stock performance. As investors eagerly await tomorrow’s trading session, let’s take a closer look at the latest news and important levels that could impact Suzlon Energy’s share price.

Suzlon Energy Share Price Latest News and Developments

1. Suzlon Energy Completes 51% Acquisition of Renom for Rs 400 Crore: In a strategic move, Suzlon Energy has finalized the acquisition of a 51% stake in Renom, a company specializing in renewable energy solutions. This acquisition is expected to strengthen Suzlon Energy’s position in the market and provide synergies for future growth.
2. Suzlon Energy Finalizes Sale of Corporate Office to 360 ONE: The company has announced the sale of its corporate office to 360 ONE, a leading real estate investment firm. This move is part of Suzlon Energy’s plan to optimize its asset portfolio and focus on its core business operations.
3. Suzlon Energy Shares Gain Momentum: The stock has been showing positive signs in recent trading sessions, with a significant increase in trading volume and price appreciation. Analysts believe that the recent developments and positive sentiment surrounding the company have contributed to this upward trend.

Suzlon Energy Share Price Important Levels to Watch

1. Support Level: The immediate support level for Suzlon Energy’s share price is around Rs 75. If the stock breaks below this level, it could face further selling pressure and test lower support levels.
2. Resistance Level: The stock has been facing resistance at the Rs 82-83 range. If Suzlon Energy manages to break above this level, it could signal a continuation of the uptrend and potentially test higher resistance levels.
3. 52-Week High: Suzlon Energy’s 52-week high stands at Rs 86.04. If the stock surpasses this level, it could attract more investor attention and lead to further price appreciation.
4. Moving Averages: The stock is currently trading above its short-term (20-day), medium-term (50-day), and long-term (200-day) moving averages, indicating a positive trend. However, investors should closely monitor the stock’s ability to maintain these levels.
5. Trading Volume: The recent increase in trading volume suggests that investors are actively participating in the stock. A sustained high volume could provide further momentum to the stock’s price movement.

Suzlon Energy Share Price Outlook and Analyst Recommendations

Analysts remain cautiously optimistic about Suzlon Energy’s future prospects. The company’s focus on renewable energy solutions and its recent acquisitions are seen as positive steps towards growth. However, investors should also consider the challenges faced by the industry, such as policy changes and competition.

Most analysts recommend a “Hold” or “Accumulate” rating for Suzlon Energy, with a target price ranging from Rs 75 to Rs 90. Investors are advised to closely monitor the stock’s performance and make informed decisions based on their risk appetite and investment objectives.

Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.