Suzlon Share Price Today on 07-11-2024: Suzlon share price are down by -3.56%, Nifty down by -1.16%
Suzlon Share Price Today on 07-11-2024: On the last trading day, Suzlon's stock opened at ₹69.59 and closed at ₹66.84. The stock reached a high of ₹69.59 and a low of ₹66.44 during the trading session.
Suzlon Share Price Today on 07-11-2024: At 07 Nov 16:01 today, Suzlon shares are trading at price ₹66.84, -3.56% down from the previous closing price. Sensex is trading at ₹79541.79, down by -1.04%. The stock has hit a high of ₹69.59 and a low of ₹66.44 during the day.
On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at 5,10,20,50,100 days SMA
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 67.70 |
| 10 | 68.33 |
| 20 | 71.11 |
| 50 | 75.71 |
| 100 | 68.14 |
| 300 | 55.88 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹68.63, ₹70.37, & ₹71.28, whereas it has key support levels at ₹65.98, ₹65.07, & ₹63.33.
Suzlon Share Price Today
Till 4 PM today, the volume traded on NSE & BSE for Suzlon was -68.04% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, The stock's continued downtrend suggests a bearish trend is underway..
From a fundamental analysis perspective, the company has a ROE of 26.31% & ROA of 10.40% respectively.The current P/E of the stock is at 97.99 & P/B is at 21.04.
The median 1-year forecasted upside in this share is at 15.20% with a target price of ₹77.00.
The company has a 0.00% promoter holding, 2.02% MF holding, & 22.82% FII holding as per filings in the september quarter.
The MF holding has decreased from 2.12% in june to 2.02% in the september quarter.
The FII holding has increased from 20.63% in june to 22.82% in the september quarter.
Suzlon share price down -3.56% today to trade at ₹66.84 while its peers are mixed. Its peers such as Bharat Heavy Electricals, Blue Star are falling today, but its peers Thermax, Voltas are on the rise. Overall, benchmark indices Nifty & Sensex are down -1.16% & -1.04% each respectively.
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