Suzlon Share Price Today on : Suzlon share are up by 2.71%, Nifty up by 0.95%

Suzlon Share Price Today on : At 28 Oct 11:32 today, Suzlon shares are trading at price ₹69.26, 2.71% up from the previous closing price. Sensex is trading at ₹80249.22, up by 1.07%. The stock has hit a high of ₹69.41 and a low of ₹66.31 during the day.

On the technical front, the stock is trading above the 5,100,300 days SMA & lower than the 10,20,50 day SMA. The stock will have support at 5,100,300 days SMA & face resistance at 10,20,50 days SMA

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹69.81, ₹72.21, & ₹74.11, whereas it has key support levels at ₹65.51, ₹63.61, & ₹61.21.

Till 11 AM today, the volume traded on NSE & BSE for Suzlon was -74.51% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, Following a strong uptrend, the stock is indicating signs of a reversal..

From a fundamental analysis perspective, the company has a ROE of 26.31% .The current P/E of the stock is at 105.85 .

The median 1-year forecasted upside in this share is at 6.84% with a target price of ₹74.00.

The company has a 0.00% promoter holding, 2.02% MF holding, & 22.82% FII holding as per filings in the september quarter.

The MF holding has decreased from 2.12% in june to 2.02% in the september quarter.

The FII holding has increased from 20.63% in june to 22.82% in the september quarter.

Suzlon share price up 2.71% today to trade at ₹69.26 while its peers are mixed. Its peers such as Blue Star are falling today, but its peers Bharat Heavy Electricals, Voltas, Thermax are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.95% & 1.07% each respectively.