Suzlon Energy's Stock Sees 3.12% Increase, Outperforms Sector and Sensex

Suzlon Energy, a leading player in the renewable energy industry, saw a 3.12% increase in its stock price on August 23, 2024. The stock, which is currently trading at Rs 78.35, has been given a 'Hold' call by MarketsMOJO.

In terms of performance, Suzlon Energy has outperformed the sector by 1.79% today. This is a positive sign for the company, especially after experiencing three consecutive days of falling stock prices. The stock also touched an intraday high of Rs 80.21, showing a 3.42% increase.

Suzlon Energy's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock.

In comparison to the Sensex, Suzlon Energy's stock has performed significantly better, with a 1-day performance of 3.09% compared to the Sensex's 0.08%. In the past month, Suzlon Energy's stock has also outperformed the Sensex, with a 38.29% increase compared to the Sensex's 0.86% increase.

Overall, Suzlon Energy's stock has shown positive performance and is currently trading at a higher level than its moving averages. Investors may want to keep an eye on the company's stock as it continues to make strides in the renewable energy industry.