In the early morning session on Monday, Suzlon Energy shares saw buying activity despite the stock market fall caused by unfavorable global cues. The Suzlon share price opened the day down on the NSE at Rs 69.90 a share, but it quickly gained strength and reached an intraday high of Rs 71.64. The price of Suzlon shares increased to a new 52-week high during the rise to this intraday high. The energy stock, however, went down following the profit-booking trigger since it was unable to maintain itself at higher levels.
Stock market experts claim that Suzlon Energy Ltd. posted solid growth in both the top and bottom lines during Q1FY25, resulting in strong results.
In the last seven years, the company’s EBITDA has increased the most. Suzlon stock is thus receiving support at lower prices because investors view it as a prime example of a ‘buy-on-dips’ stock. Suzlon stockholders were urged to keep onto their shares for a long time, since they may reach Rs 80 once they break beyond Rs 72.
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