Suzlon share price rises: Buy rating on stock, expert gives target price, stop loss

Suzlon share price target: Stock Market expert Arun Mantri on Friday initiated a Buy rating on Suzlon stock, saying that the counter could rise up to Rs 55-57 in the near term.

New Delhi: Suzlon Energy share price jumped 3.42 per cent to Rs 51.97 on Friday. The stock, considered to be the darling of retail investors, has been soaring in the past few sessions. The Suzlon shares have rallied nearly 26 per cent over the last one month. Expressing his views on Suzlon share, Stock Market expert, Arun Mantri said, Suzlon have given share reversal on the charts in the recent past and is now trading above short term moving averages and 50 mark.

The overall trend of the stock is neutral and short term traders should keep a strict stop loss below 44 and hold on to the positions with target price of 55-57 in the near term, the he founder of Mantri Finmart said.

Suzlon Energy details on BSE as on 17 April

Previous Close:50.26 Open: 50.54 High: 52.18 Low: 50.54 VWAP: 51.54 52 Wk High: 74.30 52 Wk Low: 38.17 Upper Price Band: 55.28 Lower Price Band: 45.24 Price Band: No Band TTQ (Lakh): 87.06 Turnover (Cr.): 44.87 2W Avg Qty`(Lakh): 77.49 Mcap Full (Cr.): 71,316.09 Mcap FF (Cr.): 62,940.16 EPS (TTM): 2.25 / 2.36 (Standalone / Consolidated) CEPS (TTM): 2.38 / 2.59 (Standalone / Consolidated) PE: 23.11 / 22.08 (Standalone / Consolidated) ROE / PB: 79.58 / 18.37

This is a developing story. More details are awaited…

(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds)

Click for more latest Markets news. Also get top headlines and latest news from India and around the world at News9.

Biplob Ghosal is Online News Editor (Business) at TV9’s digital arm - News9live.com. Leading the english business editorial team, he writes on various issues related to stock markets, economy and companies. Having over a decade of experience in financial and political journalism, Biplob has been previously associated with Timesnownews.com, Zeenews. He is an alumnus of Makhanlal Chaturvedi Rashtriya Patrakarita Vishwavidyalaya. Follow him at @Biplob_ghosal.

News Business News Markets NewsSuzlon Share Price Rises: Buy Rating On Stock, Expert Gives Target Price, Stop Loss News

© News9Live