Why is Suzlon Energy falling/rising?
As of 16-Jul, Suzlon Energy Ltd's stock price is at 67.04, down 0.19%. The stock has shown strong performance with positive returns over various periods and increased investor participation, indicating a resilient trend despite a slight decline today.
As of 16-Jul, Suzlon Energy Ltd's stock price is currently at 67.04, reflecting a decrease of 0.13, or 0.19%. Despite this slight decline, the stock has shown strong performance over various periods, with a 1-week return of 1.70%, a 1-month return of 2.46%, and a year-to-date increase of 7.73%. The stock is trading above its moving averages across multiple time frames, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 103.44% compared to the 5-day average. The company has demonstrated robust long-term growth, with net sales increasing at an annual rate of 29.65% and a remarkable growth in net profit of 204.56%, contributing to its positive results over the last two quarters.In the broader market context, while Suzlon Energy's stock has underperformed its sector by 0.27% today, it has outperformed the benchmark Sensex over the past week, which has declined by 1.08%. The stock's strong historical performance, including a 19.99% return over the last year and an impressive 1054.44% increase over the past three years, suggests that it has been resilient compared to broader market trends. The high institutional holdings at 31.77% further indicate confidence from more sophisticated investors, which may support the stock's stability despite today's minor decline.
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