Suzlon share price surges 14% in March, set to snap 5-month losing run. Will the rally sustain?
Suzlon Energy share price has jumped 14% in March to break a five-month streak of declines. Suzlon share price today increased by almost 4%, yet it remains 34% lower from its 52-week high level due to profit-booking. Suzlon share price today opened at ₹55.47 apiece on the BSE, the stock touched an intraday high of ₹57.13 per share and an intraday low of ₹55.35 apiece.
Brokerage firm JM Financial, in its recent report, indicated that with an all-time high and expanding order book of 5.9GW, Suzlon is optimistic about the recovery of the industry and overcoming execution challenges in the upcoming 2-3 quarters.
The company reported that the response to the performance of the 3MW wind turbine generator (WTG) has been quite positive….
