By Admin 
Suzlon Energy Shares: Shares of Suzlon Energy Limited, a company in the renewable energy sector, are continuously falling. This was the fifth consecutive session on Wednesday, February 25, when its shares recorded a decline. Even though it started trading on a positive note on Wednesday, it fell by 3% to Rs 42.75 after some time.
With this, shares of Suzlon Energy reached their 52-week low of Rs 42.69 on this day. Whereas its 52 week high level is Rs 74.30, which it touched on May 30 last year.
11% decline in 12 sessions
By 2:44 pm, Suzlon Energy shares were seen trading 3.17 per cent lower at Rs 42.74 on BSE, which is lower than its previous closing price of Rs 44.14 per share. The stock has seen a decline of more than 11 percent in the last 12 trading sessions. The all-time high of Suzlon Energy shares so far is around Rs 400. The company achieved this milestone in January 2008. Since then the shares kept falling continuously. Since June 2009, it has not been able to cross the level of Rs 100.
Brokerage has confidence in shares
However, despite this decline, brokerage firm JM Financial has strong confidence in this renewable energy stock. Giving a positive valuation to the company’s shares, the brokerage has maintained its ‘Buy’ rating on the stock, with a target price of Rs 64, which indicates an upside of 49.7 percent from its current level. This rating of JM Financial is based on the valuation of 25x FY28E EPS considering the delivery of 2.5GW/3GW/3.2 GW during financial years 2026-27 and 28.
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