Suzlon Share Price give big profit on Call side again after Rs 75, keep an eye after 10.15 minutes

the share price of Suzlon Energy has been a topic of interest for investors. The stock has shown significant fluctuations recently, and predictions for tomorrow’s performance are varied. This article provides a detailed overview of the expected share price movement for Suzlon Energy, along with recent market updates and insights.

Suzlon Energy Share Price Prediction for Tomorrow

Suzlon Energy Limited, a key player in the renewable energy sector, particularly in wind energy, has garnered attention due to its impressive share price performance over the past year. The stock has appreciated significantly, with a current trading price around ₹83.11. Analysts are predicting a slight downturn in the near term, with various forecasts suggesting a tomorrow’s target range between ₹48.33 and ₹85.66.

Suzlon Share Price Forecasts

1. Bearish Predictions: Some analysts predict that the stock may face downward pressure. The downside targets are set at ₹48.73 and ₹81.96, indicating potential challenges in maintaining upward momentum.
2. Bullish Outlook: Conversely, there are optimistic forecasts suggesting that the stock could reach as high as ₹85.66 if it maintains its current trend above critical support levels. The sentiment appears mixed, with some analysts recommending caution until the market shows clearer signs of direction.
3. Trading Range: The expected trading range for tomorrow is between ₹77.78 and ₹84.54, suggesting that while there may be volatility, the stock is likely to remain within this band unless significant market events occur.

Suzlon Share Price Market Sentiment

The market sentiment surrounding Suzlon Energy is currently indecisive. While some indicators suggest an uptrend, others reflect potential bearish behavior due to recent profit declines and overall market conditions. Investors are advised to monitor trading volumes closely as they can provide insights into market sentiment.

Recent Developments Impacting Suzlon Energy

Recently, Suzlon Energy reported a decline in its consolidated net profit for Q4 FY24 and the entire financial year 2023-24. This news has created some apprehension among investors, as it indicates challenges in cash flow management despite having a robust order book of 3.3 GW.

New Orders and Projects

On a positive note, Suzlon has secured new orders for wind energy projects worth 402 MW from Juniper Green Energy. This project involves installing 134 wind turbine generators with a capacity of 3 MW each in Rajasthan. Such developments indicate that while short-term profitability may be under pressure, the long-term growth trajectory remains intact.

Government Support for Renewable Energy

The Indian government’s push towards renewable energy sources is likely to benefit companies like Suzlon Energy in the long run. Increased investments in wind energy projects are expected as India aims to reduce its reliance on coal and promote cleaner energy alternatives. This governmental support could enhance Suzlon’s operational capabilities and market position.

Suzlon Share Price Technical Analysis

For traders looking at technical indicators, key support levels are observed at ₹75.88 and ₹47.37. If the stock trades below these levels, it may indicate further bearish trends; conversely, holding above these points could signal a continuation of upward momentum.

Suzlon Share Price Analyst Ratings

Analysts have provided mixed ratings on Suzlon Energy stock over the past few months. Most analysts suggest a “buy” rating based on long-term growth potential despite recent earnings disappointments. The consensus among six analysts places the one-year price target at approximately ₹71.73,eflecting cautious optimism about recovery from current lows

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.