Should you buy the dip in Suzlon Energy? Leading analysts agree to disagree.
This stock rose to fame after a rare turnaround that caused its price to surge more than 900% between April 2023 and September 2024. The stock in question is Suzlon Energy, which has a market cap of ₹86,076 crore. It’s trading above ₹60 after hitting a peak of ₹86 near the end of September.
Suzlon Energy’sstock has fallen 20% since October amid profit-booking. Analysts monitoring the stock have changed their rating from ‘sell’ in September to ‘buy’ in November. What happened in these two months?
Morgan Stanley, Anand Rathi and Geojit Financial Services, which suggested booking profits at ₹80 a share in September, now recommend buying at the dip at ₹60. Morgan Stanley’s…
