Suzlon Energy Sees Surge in Trading Volume Amid Market Activity in Renewables

Suzlon Energy Ltd, a prominent player in the renewable energy sector, has emerged as one of the most active equities today, with a total traded volume of 39,781,844 shares and a total traded value of approximately Rs 239.65 crores. The stock opened at Rs 60.95, reaching a day high of Rs 61.58 before settling at a last traded price of Rs 59.90, reflecting a slight decline of 0.05% for the day.
Despite this minor setback, Suzlon Energy has shown resilience, maintaining performance metrics that are higher than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below its 200-day moving average. The stock has recently experienced a trend reversal, falling after two consecutive days of gains. Notably, investor participation has surged, with a delivery volume of 6.38 crore shares on April 21, marking a significant increase of 162.89% compared to the 5-day average.

In terms of liquidity, the stock is deemed liquid enough for a trade size of Rs 8.85 crores, based on 2% of the 5-day average traded value. Overall, while Suzlon Energy has underperformed its sector by 0.45% today, it continues to be a significant player in the renewable energy market with a market capitalization of Rs 81,581.46 crores.