GulfHindi English Desk: Wind energy company Suzlon Energy’s shares have fallen more than 3% to Rs 17.34 on Monday on the Bombay Stock Exchange (BSE). The company’s board had approved a plan to raise funds of up to Rs 2,000 crore on Friday, but the market did not seem to respond positively to the news.
Suzlon Energy’s shares have seen a growth of over 182% in the past year. The shares were priced at Rs 6.18 on July 11, 2022, and have now reached Rs 17.34 on July 10, 2023. The 52-week high for the shares is Rs 18.54, while the low is Rs 5.43.
ICICI Securities has set a target of Rs 22 for Suzlon Energy’s shares. The brokerage house believes that the company is in a position to benefit from upcoming changes and has seen a surge in its financials from the fiscal year 2024.
Investment in the stock market carries risks, and it is advisable to consult with a financial advisor before making any investment decisions.
Important Information:
👉Suzlon Energy’s shares fell more than 3% on Monday.
👉The company’s board approved a plan to raise funds of up to Rs 2,000 crore.
👉The shares have seen a growth of over 182% in the past year.
👉ICICI Securities has set a target of Rs 22 for the shares.
en.gulfhindi.com News Summary
👉Suzlon Energy shares have fallen by more than 3% to reach Rs 17.34 on Monday in the Bombay Stock Exchange (BSE).
👉The board of Suzlon Energy approved a plan to raise funds up to Rs 2000 crore on Friday, but the market did not respond favorably to this plan.
👉Suzlon Energy shares have shown a growth of more than 182% in the past year, reaching Rs 17.34 from Rs 6.18 on July 11, 2022.
👉The 52-week high for Suzlon Energy shares is Rs 18.54, while the low is Rs 5.43.
👉ICICI Securities has set a target of Rs 22 for Suzlon Energy shares, citing the company’s favorable position to benefit from upcoming changes and its improved performance since the financial year 2024.
👉It is important to note that this information is about the performance of the shares and is not investment advice. Investments in the stock market carry risks, so it is advisable to consult with a financial advisor before making any investment decisions.
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