suzlon energy share price target : After a strong rally, now Suzlon Energy saw a decline of 5% on , due to strong profit growth and recently buying 76 percent stake in Roman Industry in the company, the company’s shares saw a strong rally in the last few days, within just a week the company’s shares saw a jump of more than 20%,
Now the company’s shares are seeing a decline due to market experts expecting profit booking in the company’s shares, in such a situation, this decline in the company’s shares can be seen till the support level, from the support level again a strong rally can be seen in the company’s shares, in such a situation it is very important for investors to know what they should do next in the shares of Suzlon Energy suzlon energy company.
suzlon energy Suzlon Energy Company Information
Suzlon Energy suzlon energy is India’s largest renewable energy company, which is the largest company producing energy from wind turbines, recently the company’s market capital has crossed 1 lakh crore.
suzlon energy share price target
On Wednesday, 14 August, Suzlon Energy’s shares saw a 5% down circuit, this fall came after a strong rally in the company’s shares, Sanjiv Bhasin, who is considered a market journalist, while talking to the media said that after a strong rally, profit booking can be seen in the company’s shares
, he also said that investors should now book 50% profit in the shares of Suzlon Energy Company, the company’s shares can see a decline in the short term, this decline can be seen till the support level.
suzlon energy share price target Big target given for one year.
Sanjeev Bhasin, who is a market expert and is always under the watch of investors, has also given big targets for the next one year in Suzlon Energy shares along with the short term decline. While talking to the media, Sanjeev Bhasin said that due to strong profit growth during the next one year, the company’s shares can see a target of Rs 105.
Big support level for Suzlon Energy
In the stock markets, 90% of the companies are seen trading in the short term along with support level and resistance level, in such a situation, market experts believe that this decline in Suzlon Energy Company can be seen till the big support level of Rs 71.24.
Suzlon Energy shares can see a strong rally again from here
If seen on the technical chart, market experts believe that the company’s shares are getting a big support at Rs 71.24, from here again the company’s shares can see a strong rally.
How are the fundamentals of the company
Talking about fundamentals, this company which has been continuously in debt since 2008 and is continuously doing business with huge losses, came into huge profit in the year 2023, in the year 2023, the net profit of the company increased to Rs 2887 crore, which was doing business with a loss of Rs 166 crore in the year 2022,
At the same time, in the financial year 2024, the net profit of the company was Rs 660 crore, along with this, the company has now become completely debt free, now due to the company buying 76% stake in Romon Energy Limited, market experts believe that in the coming time, there can be a strong jump in the profit growth of the company.
The company is giving strong returns
Due to increasing profit growth, the company has been continuously giving strong returns to investors for the last few years, in the last one year itself, the company’s shares have seen an increase of more than 300 percent, while in the last three years itself, the company has given more than 1100% returns to investors, as well as in the last 5 years, the company’s shares have seen an increase of more than 2000%.
Disclaimer Investing in the stock market can prove to be risky, but the information given is provided only for educational purposes, before taking any investment related decision, consult your certified financial advisor.
