Share worth Rs 458 fell face down, price became Rs 41, know the new target

Suzlon Energy Target Price: Shares of Suzlon Energy have been falling for some time. If we talk about the last 16 years, this stock has fallen by 91 percent. In January 2008, the price of one share of Suzlon Energy was Rs 458.80, which means Suzlon shares have fallen 90.97 percent from the all-time high. Let us tell you that on Friday the company’s shares were down by 0.77 percent at Rs 41.37 in BSE.

Shares decreased by 5 percent in the last one month
Talking about the last one month, the price of Suzlon Energy has declined by 5 percent. According to Trendline data, there has been a decline of up to 15 percent during the last 3 months. However, investors who have held this stock for 6 months have gained 20.70 percent so far. Let us tell you that the share price of Suzlon has increased by 410 percent in one year.

782 percent increase in 3 years
If we talk about the last 3 years, the share price of Suzlon Energy has increased by 782 percent. If we talk about the last 5 years, the share price of Suzlon Energy has increased by 570.11 percent.

“Suzlon’s price is currently in the low-risk, high-reward zone,” says Kushal Gandhi, technical analyst at Stocks Box, according to a Business Today report. Its latest target price is Rs 49.50. Whereas the stop loss is Rs 38.50 per share.

On May 9, 2023, Suzlon Energy had reached the level of Rs 8.15. The company manufactures wind turbines. On the other hand, the company also provides solar energy solutions.