Suzlon Energy share prices opened today at ₹54.34, which was decently higher than yesterday’s closing figures. They have now closed for 8th April at ₹53.08, which is 2.31% lower than the opening prices. This comes after share prices closed significantly higher than the opening prices on 7th April (after witnessing a massive fall at opening) before today’s early developments.
At midday, the share prices were at ₹53.16, which was 2.17% lower than the opening prices, and it came with ₹52.79 being the lowest point and ₹53.66 being the peak within this duration. There are fears resulting from global market selloffs that may impact the stock in the future, along with
reports of order cancellations and optimism regarding its future prospects in some quarters as well.
Suzlon Energy share prices saw a turnaround, closing 11.98% higher than the opening price yesterday (after a massive fall of 15.34% from the closing price on 4th April) and then opening 3.46% higher than yesterday’s figures. Yet, at midday, the shares were trading at ₹53.16 in comparison to the opening price of ₹54.34 on 8th April, which indicates a drop of 2.17% within this period.
The stock has mostly shown a flat-line pattern today, with the lowest point being ₹52.79, while the highest threshold stood at ₹53.66 after the initial drop. With anxieties resulting from global market selloffs, the stock prices could be impacted further by closing.
Suzlon Energy share prices have remained resilient and continued yesterday’s positive momentum by opening at ₹54.34 today, which is 3.46% more than the closing price of ₹52.52 on 7th April. Even the latter marked a recovery of 11.98% from the opening price of ₹46.90 for the date. This assumed more importance after the stock initially fell by 15.34% from the closing price on 4th April (₹55.40) at opening yesterday. Thereafter, it recovered to ₹51.02 by midday, prior to closing out at the figure mentioned above.
Will Suzlon Energy be able to brush aside broader market fluctuations, order cancellations, and even a penalty order on its energy arm for non-payment of customs duty? That’s what we aim to observe today.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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