In this article, we are going to look at the Suzlon Energy share price. Here is a very great news for all the people who have bought a share of Suzlon Energy. It has been recently recorded that the share price of Suzlon Energy has officially hit a 5% lower circuit for the second straight day but there is also very shocking news that the share price of Suzlon Energy went down by 12% in 3 days. Yes, this is true. This is true information which has been provided by the sources. Read the article till down to learn every single thing.
Suzlon Energy share pirce hits 5% lower circuit
According to the market source, the share price of Suzlon Energy is continuing to witness selling pressure for the third consecutive session. It has hit on 5% lower circuit of Rs. 37.32 in the early trade on the Bombay Stock Exchange (BSE) on 22nd November 2023, Wednesday. The share price of the company opened at Rs. 38.12 against the last close of Rs. 39.28 but after some time it fell by 5% to Rs. 37.32. In a total of three sessions, the stock lost around 12%.In the last several months, the share price of Suzlon Energy has witnessed a profit which is booking right now.
The share price of Suzlon Energy has hit its 52-week low of Rs. 6.96 on 28th March 2023. It has been reported that in the last eight months, the stock of the company has officially surged by almost six times or around 464%. Suzlon Energy stock hit a 52-week high on 17th November 2023 of Rs. 44. The share price of the company has also gained approx 28% in November 2023. This happened after the news of the potential inclusion under the category of AMFI midcap at the time of the January 2023 reshuffle. There is a major factor which is participating from the previous week’s rally where there was some speculation that Suzlon Energy is going to be added to the MSCI Global Standard Index in the refuffling which was held on 15th November 2023.
As per the latest report, Suzlon Energy posted around a 45% year-on-year jump, as there is a net profit of Rs. 102 crores in Q2FY24. On the other hand, the revenue of Suzlon Energy has officially declined to Rs. 1, 417 crores in the Q2FY24 from Rs. 1,430 crores at the time of the same period in 2022. Most of the numbers of the company have remained positive as the loss of Rs. 35 crores has been expected at the time of the end of quarter 2 which happened on 30th September 2023.