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Market move▼ Bearish for Suzlon Energy
Suzlon Energy shares fall nearly 4% after ₹134 crore large trade; Stock below key moving averages
The brief
- Suzlon shares fell nearly 4% after a ₹134 crore large trade
- The share decline directly affects Suzlon investors and India's renewable-energy sector sentiment
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| SUZLON | Thu, 24 Sept | −3.9% | −2.3% | 3.0× | −3.8% · Nifty −1.3% |
✓ Classifier read this as negative; SUZLON fell 2.3% against the Nifty on the day it traded.
Suzlon's prospects and wind repowering opportunity
Suzlon shares fell nearly 4% after a ₹134 crore large trade, and later reports discussed its prospects and India's estimated 30 GW wind repowering potential. The company has said it does not plan inorganic growth, unlike rival Inox Group.
Friday, 25 September
Thursday, 24 September
- Suzlon Energy shares fall nearly 4% after ₹134 crore large trade; Stock below key moving averages