Power is the backbone for economic growth and welfare of many nations. India’s power sector is one of the most diversified and uses conventional sources such as coal, lignite, natural gas, oil, hydro and nuclear power. Even India is using non-conventional sources such as the wind, solar, and agricultural and domestic waste to produce energy. Electricity demand has increased tremendously and is expected to rise in the future too.
Renewable energy is emerging as a major source of power in India. Wind energy is the largest source of renewable energy and accounts for an estimated 60 percent of total installed capacity (21.1GW). There are plans to double wind power generation capacity to 20GW by 2022. India has also raised the solar power generation capacity by five times to 100GW by 2022.
Renewables energy is growing at a great speed and it is not taken as an alternative source of energy. India is well positioned to become the global manufacturing hub for wind turbines. The sector holds the potential to generate five million jobs. The Wind is truly contributing to “Make in India’’ campaign.
About Multibagger Stock Suzlon Energy
The Suzlon Group was ranked as the world’s fifth largest wind turbine supplier. The company is extending its arms globally across Asia, Australia, Europe, Africa and North and South America. It has installed with over 22,500 megawatts (MW) of wind energy across 30 countries and a workforce of over 10,000.
Suzlon is leading the growth of the wind industry in the country lighting the lives of over 50 million Indians. It is fully committed to the development of renewable energy sector in the country. Their aim is to build sustainable green energy and affordable energy for all.
Products Of Suzlon Energy
Suzlon is one of the world’s largest and leading producers of wind turbines. It is in the development of wind energy solutions and has also into the solar segment as well which is contributing greatly to the economy.
Suzlon provides a solution to wind-energy products in the form of wind turbines that are having state-of-the-art technology from their blades, nacelle, towers, and foundations. It provides products of very best in renewable energy solutions while maintaining an eco-friendly approach.
Competitors of Suzlon Energy
|Power Grid Corp||107,901.54||20,802.22||144,973.72|
|Guj Ind Power||1,615.36||1,351.86||2,355.66|
|KSK Energy Vent||400.67||21.79||3,896.90|
|S E Power||49.34||9.49||88.08|
|KKV Agro Powers||12.84||4.93||8.56|
Technical Aspect of Multibagger Stock Suzlon Energy
Suzlon Energy is listed on both NSE – National Stock Exchange and BSE – Bombay Stock Exchange. This multi-bagger stock Suzlon is trading at a very narrow range. If you are a positional trader, then you can expect 28.50 and put a Stop Loss at 12.80. Once it able to sustain above 28.50, it will move up to 60 followed by 140 level. The stock has a strong resistance at 165 and if it manages to break out it will hit 300 levels. You can expect final breakout at around 300 and it may cross 410 levels.
Trail your Stop Loss once it crosses above 30 levels and keeps trailing SL if it moving upwards continuously. You can ignore the smaller correction or you can book profit at 29 – 30 levels if you don’t have the patience and courage to hold. Once this multi-bagger stock Suzlon Energy run up, you won’t get second chance to catch it.
So, grab the stock as soon as possible and keep it for a long-term and let it grow like your child. You will make 2 million if you invest one lakh only in Suzlon Energy.
Suzlon Energy surges 10% as company turns profitable in Q1
The company has reported a net profit of Rs 63.7 crore in the quarter ended June 2017 (Q1FY18) against the loss of Rs 257 crore, in the same quarter last fiscal.
Revenue of the company increased 62.5 percent to Rs 2,676 crore versus Rs 1,646 crore.
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Author: Ratan Kumar
Ratan Kumar, an enthusiast stock market trader & blogger. Forecasting stock market moves with the use of technical analysis since 2008. For the technical trader & investor, new or experienced, he provides legitimate and valuable advisory from day trading to long-term investment horizon and helped thousands of investors to make money out of stock market.