Can Suzlon be a multibagger stock?
Does Suzlon Energy have any future?
Wondering whether Suzlon’s share price will increase or not.
I believe the above query will keep you bothered if you’ve invested or plan to buy some Suzlon shares.
Am I right?
I tried to find out the answer, and hopefully, it may help you in your trading or investment decision.
We all know that power is the backbone of any economy.
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 wind, solar, and agricultural and domestic waste to produce energy.
Moreover, 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).suzlon share price target 2022
Technical Analysis Metre of Suzlon Share Price
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 the “Make in India’’ campaign.
About Multibagger Stock Suzlon Energy
The Suzlon Group was ranked as the world’s fifth-largest wind turbine supplier. Moreover, Suzlon Energy is extending its arms globally across Asia, Australia, Europe, Africa, and North and South America.
It has installed over 22,500 megawatts (MW) of wind energy across 30 countries and a workforce of over 10,000.
Suzlon is leading the wind energy industry’s growth in the country lighting the lives of over 50 million Indians.
It is fully committed to the development of the renewable energy sector in the country.
They aim 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, contributing greatly to the economy.
Suzlon provides a solution to wind-energy products in the form of wind turbines.
They are having state-of-the-art technology from blades, nacelle, towers, and foundations.
It provides products of the 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|
Financial Health Card of Suzlon Energy
Technical Aspect of Multibagger Stock Suzlon Energy
Buy When Suzlon Closes Above 6.0 and Gives Breakout The Downward Weekly Trendline and also Horizontal Resistance Level.
Trail your Stop Loss once if it moving upwards continuously.
Once this multi-bagger stock Suzlon Energy runs up, you won’t get a second chance to catch it.
So, grab the stock as soon as possible and keep it for the long-term and let it grow like your child. Possibility of making 2 million if you invest one lakh only in Suzlon Energy.
Will Suzlon Energy Share Price Increase
Is Suzlon Energy worth buying it?
Can Suzlon be a multibagger?
I receive such kinds of queries on regular basis. So, let’s understand what is happening with Suzlon Energy.
Well, Suzlon share price today that is on 13th of July 2021 is traded around 8.00.
My personal view as per the chart says it may correct a bit and then resumes its trend.
However, it may face resistance near 21 and 28 levels. So, Keep an eye on Suzlon Energy’s share price.
It has recovered from its lifetime low of 1.70 and hit 9.45.
What a rally it has done so far after being muted for so many years.
Those who missed out on the rally may join the party once it Suzlon share price is correct a bit.
(Suzlon Buy or Sell 2021) Screenshot Captured on 13th July 2021
Suzlon Share Price Target 2022
Suzlon stock price recently hit a fresh 52 Week High of 9.45 and I was bullish since I first posted this blog post.
At that time, Suzlon stock price was trading at around 3.00-4.00. Since then it has given multibagger returns.
Now, I am expecting by the end of 2022, Suzlon’s stock price may reach 13-14.
At present, its stock price may correct a little bit more and resume its northward journey.
Suzlon Share Price Target 2025
If Suzlon’s share price stays above 14, then you may expect it to hit 21+.
So, I will hold the stock and trail Stop Loss as it started to move in my expected direction.
What Could Be Suzlon Share Price Target 2030
By the end of 2030, Suzlon may touch 29+ and then 34+.
However, it must consolidate in the price range before it starts its next leg of up move.
Suzlon Energy Latest News
Suzlon announces Q4 FY21 Results
Suzlon Energy, India’s largest renewable energy solutions provider, announced its fourth-quarter (Q4 FY21) and annual audited results for the financial year 2020-21 (FY21).
Suzlon secures new order of 252 MW from CLP India Private Limited.
If you like this idea of multibagger stock Suzlon Energy, then don’t forget to share it.
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