Business: Today, September 27 at 01:01 am, Suzlon shares were trading at Rs 80.65, down -1.41% from its previous close. The Sensex was trading at Rs 85,613.31, down -0.26%. The stock touched a high of Rs 82.76 and a low of Rs 80.52 during the day.
Technically, the stock is trading above the 20-, 50-, 100-, and 300-day SMAs and below the 5- and 10-day SMAs. The stock finds support at the 20-, 50-, 100-, and 300-day SMAs and resistance at the 5- and 10-day SMAs. The SMA value of the stock is:
Daily Simple Moving Average
5 82.77
10 82.73
20 79.32
50 72.87
100 60.16
300 51.05
Traditional pivot level analysis shows that the major resistance levels of the stock in the intraday time frame are ₹83.0, ₹84.11, ₹84.86 and the major support levels are ₹81.14, ₹80.39 and ₹79.28. Today at 1:00 PM, the trading volume of Suzlon on NSE and BSE fell by -84.83% compared to the previous trading session. Apart from price, trading volume is also an important indicator to check trends. A positive price movement with high volume indicates continuation of the bullish trend, while a negative price movement with high volume may indicate further price decline.
Overall, as per Mint’s technical analysis, the stock is showing early signs of a turnaround after a strong rally.
From a fundamental analysis point of view, the company’s ROE is 26.31%. The current P/E ratio of the stock price is 128.39.
The expected one-year average growth of the stock is 7.70% and the target price is Rs 74.44. As per the June quarter filing, the company holds 13.27% promoter shares, 2.12% MF shares and 20.63% FII shares.
The MF ownership ratio increased to 2.12% in the June quarter from 1.14% in March.
The FII share increased from 18.67% in March to 20.63% in the June quarter.
