Suzlon Energy Share Price Massive Surge: After a continuous decline in Suzlon Energy’s stock price over the past few days, the shares saw a significant surge on the weekly closing of Friday, 20th September. The main reason behind this uptick is believed to be the decision by the Indian Stock Exchange to remove Suzlon from the Additional Surveillance Measure (ASM) list. Along with this, the growing opportunities in the renewable energy sector are also signaling a positive outlook for the company’s stock.
Highlights:
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- Company Removed from ASM: The Indian Stock Exchange removed Suzlon Energy from ASM Stage 1, resulting in a positive impact on its shares.
- Stock Rises by 3.22%: On 20th September, Suzlon Energy’s stock saw a 3.22% increase during the closing.
- Renewable Energy Expansion: The government aims to invest ₹32.45 lakh crore by 2030 to achieve the 500 GW renewable energy goal.
- Zero Carbon Emission Goal: Experts believe India will focus on solar and wind energy to meet its 2070 zero-carbon emission target, benefiting companies like Suzlon.
- Focus on Solar and Wind Energy: Government policies aiming at solar and wind energy growth promise significant returns for wind energy companies.
Key Information about Suzlon Energy News
| Topic | Information |
|---|---|
| Company | Suzlon Energy |
| Reason for Stock Surge | Removal from ASM |
| Closing Price on 20th Sept | ₹83.58 |
| Percentage Increase | 3.22% |
| Renewable Energy Target | 500 GW by 2030 |
| Estimated Investment Amount | ₹32.45 lakh crore |
Table of Contents
Suzlon Energy Share Price Massive Surge
Stock Surge After Removal from ASM
Suzlon Energy’s stock had been hitting the upper circuit for several consecutive days, which prompted the Indian Stock Exchange to include the company’s shares in ASM Stage 1. ASM (Additional Surveillance Measure) is a type of monitoring system that focuses on stocks showing extreme volatility. On 19th September, Suzlon’s stock closed at ₹80.97. However, after being removed from ASM on 20th September, the share opened at ₹82.19, eventually closing at ₹83.58, a 3.22% increase. This rise indicates positive sentiment among investors, especially since the company is planning to expand its renewable energy business.
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Confidence Boosted by Renewable Energy Sector Prospects
Suzlon Energy is a leading player in the renewable energy sector, and there are major expansion opportunities ahead. Union Minister Prahlad Joshi has announced that the government aims to produce 500 GW of renewable energy by 2030, for which ₹32.45 lakh crore will be invested by banks and financial institutions. This is a promising opportunity for wind energy companies like Suzlon.
Government’s Focus on Solar and Wind Energy
The Indian government has set a target of achieving zero carbon emissions by 2070, focusing primarily on solar and wind energy. Companies like Suzlon stand to benefit immensely from this focus, as many industries are setting up power plants to generate renewable energy. Additionally, sectors like cement and steel are also investing in wind energy, further enhancing the growth potential for Suzlon.
Future Prospects for Suzlon Energy Stock
Experts believe that Suzlon Energy’s stock is poised for further growth, thanks to the expanding renewable energy sector and favorable government policies. Investors looking for long-term opportunities in the renewable energy space could see excellent returns by investing in this stock.
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FAQ (Frequently Asked Questions)
What is the reason behind the recent surge in Suzlon Energy’s share price?
The main reason for the surge is the company’s removal from the ASM list by the Indian Stock Exchange, which boosted investor confidence.
Is Suzlon Energy expected to grow further in the future?
Yes, due to increasing business in the renewable energy sector and supportive government policies, Suzlon Energy’s share price is likely to rise further.
What is the current closing price of Suzlon Energy shares?
Suzlon Energy closed at ₹83.58 on 20th September, marking a 3.22% increase from the previous close.
What role does Suzlon Energy play in the renewable energy sector?
Suzlon Energy is a leading wind turbine generator manufacturer in India and plays a key role in the country’s renewable energy production.
When is the best time to invest in Suzlon Energy shares?
According to experts, Suzlon Energy shares are expected to perform well in the long run, especially considering the growing opportunities in the renewable energy sector.
