Suzlon Energy share prices have previously been impacted by news of order cancellations and global market selloffs. Yet, retail buyers continue to have decent optimism regarding the future prospects of the company in the coming months. Share prices opened at ₹53.96 today, which was a substantial 5.37% more than the closing price of ₹51.21 on 9th April. This was a welcome change for investors, since the latter was lower than 9th April’s opening price by around 3.50%.
However, in a reversal of the opening trends, prices were hovering at ₹52.87 by midday, dipping by around 2% from the opening price. There was a fall to ₹52.22 with a peak at ₹53.22 after the initial drop. The closing price today is ₹53, and this is 1.77% lower than the opening price, marking a continuation of the midday trend.
Suzlon Energy share prices responded well to positive global cues today (11th April), opening at ₹53.96 and posting a growth of 5.37% over the closing price on the 9th of April, which stood at ₹51.21. However, by midday, share prices dipped by 2%, touching ₹52.87 in a slight reversal of the opening trend. The lowest threshold today has been ₹52.22, and the stock has mostly shown a downward curve throughout the day, with the peak coming at ₹53.22 after the initial slump seen in the stock prices.
Suzlon Energy has already been weathering the impact of global market selloffs and also unexpected order cancellations. How it plays out is something that can only be known by the end of the day.
Suzlon Energy share prices opened at ₹53.96 today (11th April), which was about 5.37% more than the closing price of ₹51.21 on the 9th of April. This has delighted investors, particularly since the stock closed 3.50% lower than the opening price of ₹53.07 for the day. The latter was also less than the closing price on 8th April by a small margin. The closing prices and fluctuations resulting from news of global market selloffs and order cancellations had generated pessimism among investors initially regarding the stock.
However, today’s opening prices have bucked the closing trend and it may augur well for the stock going forward. It remains to be seen whether it can continue the momentum by midday.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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