Suzlon Energy, the prominent renewable energy company, experienced a remarkable surge in its share prices today, reaching an impressive 52-week high of Rs 20.64 on the BSE.
This marks the third consecutive trading session where the company’s shares have surpassed their previous 52-week high record.
Notably, on Thursday and Friday last week, Suzlon’s shares were also soaring at an elevated 52-week high level.
Target Price of Rs. 25
As Suzlon Energy’s shares continue their upward trajectory, experts speculate the possibility of the company’s shares climbing to the Rs. 25 mark in the near future.
In an exclusive interview with Business Today, stock market analyst Vaishali Parikh highlights the RSI indicator’s positive signals, suggesting that the stock possesses the potential to maintain its current momentum.
For investors who managed to secure a target price of Rs. 22, setting their sights on Rs. 25 is prudent.
On Monday, Suzlon’s share prices experienced a substantial upswing of up to 5 percent, showcasing the company’s impressive performance in the stock market.
Over the past month, the company’s share prices have witnessed a staggering surge of more than 40 percent, while in a mere six months, they have surged over 100 percent.