Suzlon Energy share price hits 5% upper circuit for the third consecutive session. Should you Buy, Sell or Hold?

Stock Market Today: Suzlon Energy share price hits upper circuit for the third consecutive session

Suzlon Energy share price movement

Suzlon Energy share price has been rising regularly since its results on Tuesday 28 January post Market hours. The Suzlon Energy Share price has been rising regularly i last 3 sessions, hitting 5% upper circuit, from its closing lows of ₹50.26 on Tuesday. The Suzlon Energy share price that was locked in at 5% upper circuit at ₹58.15 on the BSE on Friday has risen 15.7% in the last three sessions.

Clarification on Suzlon Energy share price movement

Suzlon Energy in its release on the Exchanges for information to the members and share holders of Suzlon on Thursday had said that "This is to inform that a Material Price Movement has been noticed in the scrip of Suzlon Energy Limited on 30th January 2025 at 9.30 a.m., however we could not ascertain any event or information in the mainstream media which could have triggered this MPM.

Suzlon Energy-Analysts Views on Q3

Post Q3 Results Anshul Jain, Head of Research at Lakshmishree Investment and Securities., had said that “The company reported record deliveries of 447 MW, reflecting a 163% growth. Its order book has reached an all-time high of 5.5 GW, with S144 turbines making up 92% of the total. Suzlon is also scaling its manufacturing capabilities, adding new production lines at Ratlam and Jaisalmer, said Jain, adding that with these strategic expansions, Suzlon is well-positioned for continued growth”.

Technical Views on Suzlon

Suzlon Energy share price that was looking positive on the technical chart pattern, it had faced a hurdle at Rs55, said Sugandha Sachdeva, Founder of SS WealthStreet. However Sachdev had said that “On breaching above this hurdle, Suzlon shares may become highly bullish. Sachdeva had added.

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