Suzlon Share Price Today on 12-11-2024: Suzlon share price are down by -4.44%, Nifty down by -1.07%
Suzlon Share Price Today on 12-11-2024: On the last trading day, Suzlon opened at ₹62.1 and closed at ₹59.39. The stock reached a high of ₹62.88 and a low of ₹59.19 during the session.
Suzlon Share Price Today on 12-11-2024: At 12 Nov 16:00 today, Suzlon shares are trading at price ₹59.39, -4.44% down from the previous closing price. Sensex is trading at ₹78675.18, down by -1.03%. The stock has hit a high of ₹62.88 and a low of ₹59.19 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 | 66.47 |
| 10 | 67.53 |
| 20 | 69.40 |
| 50 | 74.82 |
| 100 | 68.84 |
| 300 | 56.28 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹61.72, ₹64.15, & ₹65.42, whereas it has key support levels at ₹58.02, ₹56.75, & ₹54.32.
Suzlon Share Price Today
Till 4 PM today, the volume traded on NSE & BSE for Suzlon was -55.89% 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 87.87 & P/B is at 18.87.
The median 1-year forecasted upside in this share is at 29.65% 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 -4.44% today to trade at ₹59.39 while its peers are mixed. Its peers such as Bharat Heavy Electricals, Voltas, Thermax, Blue Star are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -1.07% & -1.03% each respectively.
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