Suzlon Energy Rally Begins: Are More Gains Coming?
Following a new bullish forecast from Motilal Oswal, Suzlon Energy’s share price increased by more than 2% today as market sentiment strengthened. The brokerage reiterated its optimistic assessment of Suzlon, forecasting a robust 43% increase from present levels. As confidence in the company’s financial soundness and the sector’s improving state rose, investors reacted swiftly.
Suzlon’s Debt Reduction and Order Strength Impress Analysts
Motilal Oswal emphasized Suzlon‘s steady advancements in order execution and revenue visibility. Institutional investors continue to have more faith in the company due to its leaner balance sheet and reduced debt. Suzlon’s growing pipeline in India’s wind energy sector was another concern raised by analysts. Long-term demand is constant due to policy support for renewable energy sources and the continued health of capacity increases. Motilal Oswal thinks Suzlon is in a good position to take a bigger chunk of future wind projects as a result. The company’s strong upside prediction is supported by its expectation that margin stability will persist through FY25.
Suzlon Momentum Remains Strong as Bulls Maintain Lead
Technically speaking, Suzlon’s stock is still strongly rising. The stock is showing consistent buying activity as it is trading comfortably above its 20-day and 50-day moving averages. The RSI and other momentum indicators exhibit healthy strength without indicating overbought circumstances. This implies that bulls might maintain their dominance in the near future. Analysts predict that the stock will retest higher resistance zones in the upcoming weeks if it continues on its current trajectory. Motilal Oswal‘s aim could be reached if there is a breakout above these levels.
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