Suzlon Energy share: In 5 trade session in FY23, this multibagger stock has surged from ₹9.70 to ₹12.15 per share, logging more than 24 per cent rise this week
Multibagger stock: Suzlon Energy shares have been appreciating since beginning of new financial year 2022-23. In 5 trade session in FY23, this multibagger stock has surged from ₹9.70 to ₹12.15 per share, logging more than 24 per cent rise this week. According to stock market experts, this multibagger energy stock is on cusp of giving double bottom breakout above ₹13.10 apiece levels.
Speaking on Suzlon Energy shares; Sumeet Bagadia, Executive Director at Choice Broking said, "The multibagger energy stock has strong support at ₹9 and it looks positive on chart pattern. It is on cusp of giving double bottom breakout above ₹13.10 per share levels. Once the breakout is given on closing basis, it may go up to ₹15 in near term. If the energy stock sustains above ₹15, it may go up to ₹20 in medium term."
Sumeet Bagadia of Choice Broking went on to add that in July 2021, this multibagger energy stock had given breakout after sustaining above ₹9.45 per share levels, forming 'Upper Bollinger Band' that signals trend reversal in the stock. He said that since then the stock has been in 'uptrend' and any dip should be seen as buying opportunity in the stock.
Suzlon Energy share price history
Suzlon Energy shares are one of the multibagger stocks in 2021 as it has surged from ₹5 to ₹5.00 to ₹12.15 apiece levels, logging near 145 per cent rise in this period. In last one month, multibagger penny stock has risen near 25 per cent whereas in last 6 months, it has delivered around 65 per cent return to its shareholders. In YTD time, it has given around 13.5 per cent return to its shareholders.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.
Shares of Trident Ltd have returned as much as nearly 3,600% in the past ten years. Accordingly, if an investor had invested Rs 10,000 in the stock 10 years ago and stayed put, the investment would have turned to nearly 4 lakh, according to an analysis by ET Markets.
The idea is to lean into your winners. Averaging up into a stock increases your average price per share. For example, say you buy XYZ at $20 per share, and as the stock rises you buy equal amounts at $24, $28, and $32 per share. This would bring your average purchase price, or cost- basis, to $26 per share.
For the year 2025, we expect the share price of Trident Limited to be in the range of INR 60 to INR 70. This forecast is based on the assumption that the company will continue to expand its business operations and improve its financial performance.
What are the top penny stocks? Yes Bank, Suzlon Energy, South India Bank, Reliance Power, Vodafone idea, and Bank of Maharashtra are among the top penny stocks.
How long should you hold? Here's a specific rule to help boost your prospects for long-term stock investing success: Once your stock has broken out, take most of your profits when they reach 20% to 25%. If market conditions are choppy and decent gains are hard to come by, then you could exit the entire position.
These are essentially stocks that are undervalued and have strong fundamentals, thus presenting themselves as great investment options. Multibagger stock companies are strong on corporate governance and have businesses that are scalable within a short span of time.
Introduction: My name is Greg Kuvalis, I am a witty, spotless, beautiful, charming, delightful, thankful, beautiful person who loves writing and wants to share my knowledge and understanding with you.
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