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Suzlon Energy shares slipped 6% off 52-week high; Rs 39 price target still likely?

Suzlon Energy shares rise for three straight sessions; how strong is the uptrend?

Suzlon Energy shares rose 128% in three months but Rs 29 could be a tough target; here s why

Shares of renewable energy firm Suzlon Energy Ltd have more than doubled in just three months, delivering multibagger returns for investors of the penny stock. Suzlon Energy stock rose 128.36% in the last three months, surpassing even the six month and year-to-date returns of 121% and 84% respectively. However, shares of Suzlon Energy have lost 7% from their 52-week high of Rs 21.25 in the last four sessions on BSE. The stock touched its yearly high on August 11, 2023 and fell to a 52-week low of Rs 6.60 on October 13, 2022.

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