Something really exciting is happening with Suzlon Energy! Their stock has jumped to a super high level, making everyone curious about what's causing all this excitement.
Suzlon Energy's Big Jump
Imagine a rollercoaster that's going up and up – that's what Suzlon Energy's stock is doing. It went up by a big 4.98% and reached a brand-new high of Rs 24.66 on the Bombay Stock Exchange (BSE). This also made the company's total value, called market cap, go up to Rs 33,448 crore. It's like the stock is getting a lot of attention and people are interested in it.
Keepin' Up the Pace
This isn't the first time Suzlon Energy's stock has hit a new high. Just the other day, on August 28, 2023, the stock went up by 4.95% and reached Rs 23.49, which was the highest in a whole year on the BSE. And guess what? It stayed at that level for this session too. Today, the excitement continued as the stock went up by another 4.98%, reaching a fresh high of Rs 24.66 on the BSE. This means it went up so much that trading even had to pause for a bit. The stock started higher at Rs 24.30 today. All these big moves helped Suzlon Energy's total value go up to Rs 33,448 crore on the BSE.
Lots of Action
When stocks make big moves, lots of people want to buy and sell them. This time, a whopping 210.76 lakh shares were traded, which is like a really big number. The total amount of money traded was Rs 51.67 crore on the BSE.
From Low to High
Suzlon Energy's stock wasn't always doing this well. Last year, on October 13, 2022, it hit its lowest point in a year at Rs 6.60. But since then, it's shot up like a rocket, going up by an amazing 273% on the BSE. In just three months, the stock's value doubled, which means it gave a super good return to people who invested in it.
Figuring Out the Technical Stuff
When experts look at the numbers, they see some interesting things. The relative strength index (RSI) for the stock is 75.5, which is a fancy way to say that lots of people are interested in it. It's like when everyone wants the same toy – it becomes really popular. The stock's also a bit wild, with a thing called beta at 1.7, which means it goes up and down a lot in a year. And guess what? The stock's doing better than usual in the last few days and weeks.
What Experts Say
Experts are like guides in this big stock adventure. Aditya Gaggar thinks Suzlon Energy's stock is about to do something big, maybe even reach Rs 39.35! Abhijeet suggests being careful – the stock is going up, but it might slow down soon. He says it might be a good idea to take profits or watch out if it goes below Rs 20.7. Vaishali Parekh sees the stock going up even more to Rs 27 and Rs 31, with a safety net around Rs 19.50. And Ravi Singh sees the stock going to Rs 27 levels soon, looking at some cool charts.
Suzlon Energy's Journey
Suzlon Energy is all about clean and renewable energy. They make wind turbines and have lots of solar energy solutions too. With all this exciting growth, they're becoming a big player in the energy world.