Suzlon Energy Stock has been in constant discussion in recent times. This energy stock, which has emerged as a multibagger, has come down to the price band of Rs 84 to Rs 73 in the last few days. Investors are questioning whether it is appropriate to continue to hold this stock or not.
The brokerage house has given a new target.
Many brokerage houses have selected Suzlon Energy’s stock for a target of ₹ 100 and ₹ 130. Talking about the current price, if Suzlon Energy’s stock is able to touch the new level mentioned from the current level, then investors are expected to double their money. And if it touches the figure of ₹ 100, then investors will be able to easily get an additional profit of 30% from this stock from the current price.
SEBI has imposed a fine and has now kept it under surveillance.
In view of the rise in the shares of Suzlon Energy, the Indian market regulator has placed it in Surveillance Stage 1. However, keeping it in this stage does not at all mean that there is any kind of financial irregularity in the company, but it is to crack down on any kind of artificial share price increase in its share trading.
Suzlon Energy has announced that its subsidiary Suzlon Global Services Limited has been fined ₹20,000 by the Tamil Nadu GST department under section 125 of the CGST and TNGST Act, 2017 for a minor error in filing GSTR-1 for the period 2019-20.
When will there be profit in selling it?
The brokerage houses which have given it a target of ₹ 100 and ₹ 130 have also asked to sell it if the share price goes below ₹ 70 and keep the stop loss at 70.
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