SUZLON

Price Target: Renewable energy stock under pressure near Rs 50; BUY or EXIT to book profit?

Suzlon Energy Share Price Target: Shares of Suzlon Energy continue to face selling pressure, with the stock extending its corrective phase across multiple time horizons. The BSE 100 stock has declined about 7 per cent over the past month, 16 per cent in six months, 19 per cent year-to-date, and around 18 per cent over the past year. Given this performance, an market expert cautioned that the renewable energy stock remains in a downtrend and advise investors to consider exiting on any near-term rebound. In a conversation with ET Now Swadesh, Harish Jujarey, AVP and Head – Technical Equity Research at Prithvi Finmart, said Suzlon has been in a sustained decline since June, with prices falling from around Rs 72 to nearly Rs 51. Suzlon Energy shares: Technical outlook