Suzlon Energy's share price has faced significant challenges over the past year, dropping more than 30% from its peak and 21% in the last 12 months. Despite this, top domestic brokerages are optimistic about the stock's future, predicting a potential 55% increase in value.
Several factors are driving this bullish outlook. Firstly, Suzlon has a strong long-term track record, delivering over 1,400% returns in five years. This makes it one of the market's standout multibaggers. Additionally, the company is expanding its capacity, executing projects strongly, and benefiting from rising wind demand and a multi-year clean energy upcycle.
From a technical viewpoint, Suzlon continues to face selling pressure, trading near ₹52 and staying below key moving averages. The stock remains below all major EMAs, which are sloping downward and acting as dynamic resistance. Volumes also reflect ongoing weakness, with heavier participation on down days.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of the author. We advise investors to check with certified experts before making any investment decisions.
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