GulfHindi English Desk: Suzlon Energy shares are expected to see a good uptrend, with experts believing that the share price could reach up to Rs 30. On Friday, Suzlon Energy shares closed at Rs 17.89 on the BSE.
Suzlon Group, a subsidiary of the KP Group in Gujarat, has been awarded a contract for a 47.6 megawatt wind energy project. The value of this project has not been disclosed yet. The project is located in the Bhaduch district of Gujarat and is expected to commence in 2024. It has the potential to provide electricity to approximately 36,000 households and reduce carbon emissions by 142,000 tons annually.
Suzlon Energy will supply its S133 wind turbines for this project and will oversee its implementation. According to the CEO of Suzlon Group, J.P. Chalasani, the electricity generated from this project will be provided to commercial and industrial consumers.
Experts predict that Suzlon Energy shares could reach around Rs 28-30 in the near future. The company’s shares are currently trading above the 5, 20, 50, 100, and 200-day moving averages. Other experts also have a bullish outlook on Suzlon Energy shares, with ICICI Securities setting a target of Rs 22 for the shares by the end of June.
The market price of Suzlon Energy’s shares is currently Rs 17.89 on the BSE. It is important to note that this information can be crucial for market movements and investment decisions. Seeking financial advice before investing can be beneficial.
With the expected growth in Suzlon Energy’s shares and the progress of the company’s projects, investors considering investing in this sector may benefit.
en.gulfhindi.com News Summary
👉Experts believe that the shares of Suzlon Energy have the potential to reach a price level of 30 rupees.
👉On Friday, Suzlon Energy shares closed at 17.89 rupees on the BSE.
👉Suzlon Group, from the K.P. Group in Gujarat, has been awarded a contract for a 47.6 MW wind energy project.
👉The project is located in the Bhaduch district of Gujarat and is expected to start in 2024.
👉The project can provide electricity to approximately 36,000 households and reduce carbon emissions by 1.42 lakh tons annually.
👉Suzlon Energy will supply the S133 wind turbines for this project and oversee its implementation.
👉The generated electricity from this project will be provided to commercial and industrial consumers.
👉Experts estimate a price range of 28-30 rupees for Suzlon Energy shares in the near future.
👉The company’s shares are currently trading above the 5, 20, 50, 100, and 200-day moving averages.
👉Other experts are also bullish on Suzlon’s shares, with ICICI Securities setting a target of 22 rupees by the end of June.
👉The market price information for Suzlon Energy shares is as follows: current share price is 17.89 rupees on the BSE.
👉This information can be important for market movement and investment decisions.
👉Seeking financial advice before investing can be beneficial.
👉The potential for growth in Suzlon’s shares and the progress of the company’s projects can benefit investors considering investment in this sector.
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