Suzlon Energy shares have been on a strong upward trajectory, recently hitting the Rs 50 mark, which has placed them in the upper circuit. This surge has caught the attention of investors and analysts alike, with several setting new price targets.
Short-term Targets: In the short term, Suzlon shares may experience some volatility, but are expected to remain strong due to positive market sentiment and technical indicators. The immediate resistance level is around Rs 55, with potential to reach Rs 60 if the momentum continues. Analysts suggest that if the shares sustain above this level, they could see further gains.
Source:- news 18
Long-term Targets: Over the longer term, Suzlon’s outlook appears promising, particularly as the company has improved its financial health by reducing debt and focusing on renewable energy. Analysts are bullish on the stock with a target price ranging between Rs 70 to Rs 80 within the next year, contingent on continued strong performance and market conditions.
Source:- BBC news
Investors should consider the stock’s recent rally and weigh their risk tolerance, as the high short-term gains could lead to profit booking. Monitoring the company’s operational performance and broader market trends will be key to achieving these targets
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