Suzlon Share Price Rallies 3.56% to ₹57.03 in Early Trade; Strong Buying in Green Energy Pack
Suzlon share surged over 3.5% on April 21 to ₹57.03, supported by strong demand for renewable energy stocks and positive investor sentiment.
Key Highlights:
Suzlon Share Price Climbs to ₹57.03, Up 3.56% in Early Trade
Suzlon Share Price surged ₹1.96 or 3.56% to trade at ₹57.03 as of 10:14 AM IST on April 21, continuing its strong upward momentum amid sustained interest in renewable and wind energy plays. The stock opened at ₹55.55 and quickly touched a high of ₹57.32 before consolidating near current levels.
Suzlon has been in focus over the past month as part of the broader green energy rally.
Suzlon Share Snapshot – April 21
| Parameter | Value |
|---|---|
| Current Price | ₹57.03 |
| Day’s High | ₹57.32 |
| Day’s Low | ₹55.50 |
| Opening Price | ₹55.55 |
| Previous Close | ₹55.07 |
| Market Cap | ₹77,840 Cr |
| P/E Ratio | 68.10 |
| Dividend Yield | — |
| 52-Week High | ₹86.04 |
| 52-Week Low | ₹37.90 |
What’s Powering Suzlon Share Price Today?
- Renewed buying in renewable energy sector amid summer peak power concerns
- Suzlon seen as a beneficiary of wind energy expansion plans and SECI auctions
- Technical rebound after recent consolidation near ₹55 levels
- Increased participation from retail and domestic institutional investors
Renewable Energy Stock Check – April 21
| Stock | Price (₹) | Change (%) |
|---|---|---|
| Suzlon Energy | 57.03 | +3.56% |
| IREDA | 173.15 | -0.15% |
| KPI Green Energy | 1,364.80 | +2.10% |
| Inox Wind | 130.75 | +2.55% |
| Borosil Renewables | 421.60 | +1.60% |
Suzlon leads the charge among wind energy-focused counters with strong early volumes.
Suzlon Technical Outlook – Key Levels to Watch
| Level Type | Price (₹) |
|---|---|
| Immediate Support | 55.00 |
| Strong Support | 52.50 |
| Resistance Zone | 58.50 / 61.00 |
| Breakout Trigger | 62.00 |
A move above ₹58.50 may lead to a breakout rally toward ₹61–₹62 levels, while ₹55 remains a crucial near-term support.
Analysts’ View on Suzlon Energy
- Motilal Oswal: “Structurally strong turnaround story. Maintain Positive stance, but valuations stretched.”
- ICICI Securities: “Key beneficiary of wind capex cycle revival. Prefer on dips.”
- JM Financial: “Watch for margin improvement in FY25. Stock remains sentiment-driven.”
Final Word on Suzlon Share Price Today
Suzlon share price rallied sharply in early trade, reflecting bullish momentum across renewable energy counters. With sectoral tailwinds and technical breakout signals aligning, the stock may see continued upward action if it sustains above ₹58.50. Investors should, however, remain cautious on valuation and track Q4 margin trends.
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