Suzlon Energy shares were last seen trading 0.40 per cent lower at Rs 59.05. At this price, the stock has slipped 9.63 per cent on a year-to-date (YTD) basis.
Suzlon Energy share price: The stock today surged 9.50 per cent to settle at Rs 60.31. Despite the mentioned rise, it has tumbled 14.59 per cent in the last six months.
Motilal Oswal continues to remain positive on Suzlon Energy citing the renewable energy player to gain market share under the new framework announced by the Ministry of New and Renewable Energy.
Suzlon Energy share price: The scrip traded higher than the 5-day, 10-, 30-day and 50-day simple moving averages (SMAs) but lower than the 20-day, 100-, 150-day and 200-day SMAs.
An analyst from Arihant Capital Market is observing that prices of BHEL have taken support at 50-days SMA (Rs 201) and are trading sideways on the daily charts.
Suzlon Energy share price: The company also shared an update on its order book size after the cancellation of two orders. "Last reported order book of the company as on January 28, 2025, stood at 5,523 MW," it stated.
Suzlon Energy recently informed exchanges that its wholly-owned subsidiary Suzlon Global Services Ltd (SGSL) received a penalty order worth Rs 7.47 lakh from the office of Commissioner of Customs (Imports), Mumbai, alleging non-payment of customs duty.
Suzlon Energy shares slipped 4.40 per cent to hit a low of Rs 55. The stock was last seen trading 4.24 per cent down at Rs 55.09. At this price, it has fallen 15.69 per cent on a year-to-date (YTD) basis.
Suzlon highlighted the cancellation of a 99 MW order from Vibrant Energy and the truncation of a 201.6 MW order from O2 Power. A customer has decided not to proceed with a 100.8 MW order for the 3 MW series.
Suzlon Energy will be in focus after updates on order cancellations and truncations, while HAL will be in news after mega order wins.
Suzlon Energy share price: The scrip traded lower than the 5-day, 10-, 100-, 150-day and 200-day simple moving averages (SMAs) but higher than the 20-day, 30-day and 50-day SMAs.