Suzlon Energy Faces Ongoing Challenges Amid Declining Renewable Energy Sector Trends

Suzlon Energy Ltd, a prominent player in the Heavy Electrical Equipment industry, has emerged as one of the most active equities today, with a total traded volume of 35,248,782 shares and a total traded value of approximately Rs 225.63 crores. The stock opened at Rs 64.19, reflecting a loss of 2.27% from the previous close of Rs 65.68. Throughout the trading session, it reached a day high of Rs 64.64 and a day low of Rs 63.32, marking a decline of 3.59% at its lowest point.
In terms of performance, Suzlon Energy has underperformed its sector by 0.27%, continuing a downward trend with a 6.25% decline over the past three days. The stock's liquidity remains robust, with a delivery volume of 4.26 crores on June 12, although this represents a 9.59% decrease compared to the five-day average. Notably, while the stock is trading above its 50-day, 100-day, and 200-day moving averages, it is below the 5-day and 20-day moving averages.

Overall, Suzlon Energy's performance today reflects ongoing challenges within the renewable energy sector, which has also seen a decline of 2.22%.