Suzlon Energy Stock Sees -3.09% Dip, But Long-Term Outlook Remains Positive

Suzlon Energy, a leading player in the renewable energy industry, has seen a dip in its stock price by -3.09% on August 26, 2024. The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on the company's performance.

In terms of price performance, Suzlon Energy has underperformed the sector by -2.11% on the same day. The stock touched an intraday low of Rs 75.82, showing a decline of -3.83%. However, the stock's moving averages are higher than the 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the long run.

The renewable energy sector as a whole has also seen a decline of -2.14%, suggesting a general trend in the industry. In comparison, Suzlon Energy's 1-day performance is -3.73% while the Sensex's performance is 0.84%. Similarly, in the past month, Suzlon Energy has outperformed the Sensex with a 22.60% increase in stock price, while the Sensex has only seen a 0.53% increase.

Overall, Suzlon Energy's stock performance has been relatively stable, with a slight dip on August 26. However, the company's long-term moving averages and sector performance indicate a positive outlook for the renewable energy industry. Investors may want to hold onto their stocks for now, as suggested by MarketsMOJO's 'Hold' call.