Suzlon Energy Hits 5% Upper Circuit for 3rd Day: Buy, Sell, or Hold

Suzlon Energy Share Price Movement: Suzlon Energy's share price has been rising steadily since its results were announced on Tuesday, January 28, after market hours. Over the last three sessions, the share price has been hitting the 5% upper circuit limit. This rise began from its low of ₹50.26 on Tuesday and reached ₹58.15 on Friday, marking a 15.7% increase. The stock has been locked at the 5% upper circuit limit on the Bombay Stock Exchange (BSE) since then.

Clarification on Suzlon Energy’s Share Price Movement: On Thursday, Suzlon Energy asked its shareholders and members to clarify the recent price movement. The company mentioned that a "Material Price Movement" was observed on January 30, 2025, at 9:30 a.m., but they could not find any news or events in the media that could have triggered this sharp rise in the share price.

Analysts Views on Suzlon’s Q3 Performance: After Suzlon’s Q3 results, Anshul Jain, the Head of Research at Lakshmishree Investment and Securities, commented that the company had reported record deliveries of 447 MW, which is a 163% increase. Suzlon's order book has reached an all-time high of 5.5 GW, with 92% of the total orders being for the S144 turbines. Suzlon is also expanding its manufacturing capabilities by adding new production lines in Ratlam and Jaisalmer. Jain believes these strategic expansions position Suzlon for continued growth.

Technical Analysis of Suzlon: From a technical perspective, the Suzlon Energy share price has been showing a positive trend. However, it faced resistance at ₹55. According to Sugandha Sachdeva, Founder of SS WealthStreet, if the stock manages to break through this resistance, it could become highly bullish. Sachdeva also mentioned that a strong upward movement might follow if the stock price moves past this hurdle.

In summary, Suzlon Energy has been experiencing strong performance recently, and analysts are optimistic about its growth. The company’s expansion plans and solid order book support its positive outlook, and the share price could continue to rise if it breaks past certain technical barriers.

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