Suzlon Energy Closing Prices Go Below Opening Numbers

21st March, 2025 / 3:30 PM

Suzlon Energy share prices closed at ₹56.79 today, which is 2.72% lower than the opening price of ₹58.38. This itself was marginally lower than yesterday’s (20th March) closing price of ₹58.90. At the same time, the closing price on the 19th of March was ₹57.76 while the opening price on the date stood at ₹55.39. The closing price on the 18th of March was at ₹54.98. Hence, the stock did open above the closing price for two straight days before the marginal drop. 

At midday, share prices were at ₹57.53, which was still lower than the opening price and there were several drops, with the stock going down to even ₹56.90 before making a slight recovery. However, Suzlon Energy is still strongly positioned to ride out temporary market volatility with its upcoming pipeline of bids, robust order book, and optimism regarding an industry revival.

21st March, 2025 / 12:30 PM

Suzlon Energy shares are touching ₹57.53 at midday, which is slightly lower than the opening price of ₹58.38. In fact, the stock has seen a semi-volatile curve during trading today, plunging to a low of ₹56.90, before recovering to the current price. However, industry experts are adopting a more pragmatic stance on the stock, anticipating that it will close near the opening price or slightly lower by the end of the day. 

This could be attributed to the impact of the JM Financial cut in rate targets by 11%, citing execution challenges. It may have filtered through the market, leading to a sharp plunge in Suzlon Energy's share prices. Yet, the company remains hugely optimistic about the industry prospects in the future, and its strong order book could propel it to a stronger position soon. 

21st March, 2025 / 9:30 AM

Suzlon Energy shares opened at ₹58.38, which is just a shade lower and near-identical to the closing price on 20th March- ₹58.39. Yesterday, however, it opened at ₹58.90, which was higher than closing prices on the 19th of March, i.e. ₹57.76. Today’s opening price is lower than yesterday’s closing price by 0.01%. If we look at the opening price on the 19th of March, it was ₹55.39, higher than the closing price of ₹54.98 on the 18th of March 2025. 

Hence, the stock has already opened higher than the closing price for two straight days, before plunging only a little today. Yet, it could just be a flattish pattern that witnesses recovery by midday, going by Suzlon Energy’s burgeoning order book of 5.5 GW and counting along with a solid pipeline of bids coming up in the near future. 

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