Suzlon Energy Ltd Share: Suzlon Energy’s share prices have seen a rise of 1.66 percent on Monday. The price of the company’s shares reached an intra-day high of Rs 55.45 on BSE today. This is very close to Suzlon Energy’s 52 week high of Rs 56.45. Let us tell you, the 52 week low level of Suzlon Energy is Rs 17.43. The company’s board meeting is today. Quarterly results will be announced in this board meeting.
Shares of Suzlon Energy recently reached the level of Rs 56.49. For the first time since 2010, the company’s shares were successful in reaching this level. The company has not given dividend to investors even once since 2008. In such a situation, everyone’s eyes will be on whether dividend is declared along with the quarterly results or not.
Good news for investors betting on IPO, this IPO is opening from tomorrow.
What are experts saying about Suzlon Energy?
According to the report of CNBC TV 18, brokerage firm Anand Rathi believes that there is a possibility of further rise in this stock. For this reason, he has given ‘BUY’ tag to the shares of Suzlon Energy. The domestic brokerage house has set a target price of Rs 58 per share. At the same time, ICICI Securities has given a target price of Rs 60 per share for Suzlon Energy and Rs 58.5 for Morgan Stanley shares.
Promoters’ stake in the company is less than 15%
Suzlon Energy’s share prices have seen a rise of 181 percent in the last one year. However, the price of the company’s shares has increased by 31.80 percent in the last 6 months. The promoters’ stake in this company is only 13.27 percent. Whereas the public has 56 percent share.
