Suzlon Energy Gains Nearly 3% to ₹53.58 on 8 April as Renewables Stay in Focus
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Suzlon Energy Ltd witnessed a notable upmove in early trade on 8 April 2025, gaining ₹1.46 or 2.80% to hit ₹53.58, reflecting continued investor interest in renewable energy stocks and the broader market rebound after yesterday’s correction.
- Open: ₹54.34
- High: ₹54.34
- Low: ₹53.32
- Previous Close: ₹52.12
- Market Cap: ₹73,010 Crore
- P/E Ratio: 63.98
- 52-Week High: ₹86.04
- 52-Week Low: ₹37.90
Key Drivers Behind Suzlon’s Rally
- Sector Sentiment: Renewables remain a favored sector amid global clean energy commitments.
- Market Recovery: Sensex and NIFTY 50 bounced sharply, lifting overall sentiment.
- Retail Participation: Low share price and recent volume momentum attracted short-term traders.
- Institutional Accumulation: Reports of increased mutual fund exposure to green energy stocks continue to boost confidence.
Technical Snapshot
- Immediate Support: ₹52.80
- Next Resistance: ₹55.20
- Trend: Bullish bias with room for consolidation
- Momentum Indicator (RSI): Slightly overbought but showing strength
Analyst Insight
“Suzlon has been on a steady uptrend since mid-March. A close above ₹55 could confirm a fresh breakout,” said Sneha Kapoor, Technical Analyst at Axis Insights.
“While valuations are on the higher side, the long-term green energy theme remains intact.”
With a 2.80% gain to ₹53.58, Suzlon Energy continues to attract market participants amid the renewable energy push and overall market revival. As momentum builds in the green energy space, Suzlon could remain on trader watchlists, especially if it breaches resistance levels near ₹55 in the coming sessions.
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