SUZLON - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | SUZLON | Market Cap | 73,142 Cr. | Current Price | 53.8 ₹ | High / Low | 74.3 ₹ |
| Stock P/E | 23.5 | Book Value | 5.37 ₹ | Dividend Yield | 0.00 % | ROCE | 36.2 % |
| ROE | 45.6 % | Face Value | 2.00 ₹ | DMA 50 | 50.5 ₹ | DMA 200 | 51.8 ₹ |
| Chg in FII Hold | 0.12 % | Chg in DII Hold | -0.05 % | PAT Qtr | 298 Cr. | PAT Prev Qtr | 1,328 Cr. |
| RSI | 56.9 | MACD | 1.01 | Volume | 6,66,64,964 | Avg Vol 1Wk | 6,36,99,326 |
| Low price | 38.2 ₹ | High price | 74.3 ₹ | PEG Ratio | 0.36 | Debt to equity | 0.01 |
| 52w Index | 43.2 % | Qtr Profit Var | -24.1 % | EPS | 2.28 ₹ | Industry PE | 35.3 |
📊 Chart Analysis: SUZLON is trading at ₹53.8, above both the 50 DMA (₹50.5) and 200 DMA (₹51.8), showing short-term bullish bias. RSI at 56.9 suggests neutral-to-positive momentum. MACD at 1.01 is mildly positive, confirming upward momentum. Bollinger Bands show price moving toward the mid-to-upper range, reflecting steady buying interest. Current volume (6.66 Cr.) is slightly above the 1-week average (6.36 Cr.), indicating strong participation.
📈 Momentum Signals: Short-term momentum is moderately bullish, supported by MACD and price above moving averages. RSI indicates room for further upside before overbought conditions.
💹 Support & Resistance: Strong support lies near ₹50–₹52 (DMA levels). Immediate resistance is at ₹60, with major resistance at ₹74.3 (recent high). Optimal entry zone: ₹52–₹54. Exit zone: ₹60–₹65.
🔄 Trend Status: The stock is currently trending upward with steady momentum, though resistance near ₹74.3 may trigger consolidation.
Positive
- ✅ ROCE of 36.2% and ROE of 45.6% highlight strong efficiency.
- ✅ Very low debt-to-equity ratio of 0.01 shows financial stability.
- ✅ PEG ratio of 0.36 suggests undervaluation relative to growth.
- ✅ EPS of ₹2.28 supports valuation strength.
- ✅ FII holdings increased by 0.12%, reflecting foreign investor confidence.
Limitation
- ⚠️ High volatility with price far below 52-week high of ₹74.3.
- ⚠️ Book value of ₹5.37 is low compared to current price, suggesting premium valuation.
- ⚠️ Dividend yield of 0.00% offers no income return.
Company Negative News
- 📉 PAT declined sharply from ₹1,328 Cr. to ₹298 Cr., showing earnings pressure.
- 📉 Quarterly profit variation of -24.1% highlights weak performance.
- 📉 DII holdings decreased by -0.05%, showing reduced domestic confidence.
Company Positive News
- 📈 Strong ROCE and ROE highlight operational efficiency.
- 📈 Institutional support from FII investors increased slightly.
Industry
- 🌍 Renewable energy sector trading at industry P/E of 35.3, higher than SUZLON’s P/E of 23.5, suggesting relative undervaluation.
- 🌍 Sector supported by global clean energy transition and government incentives.
Conclusion
📌 SUZLON is trending upward, trading above key moving averages with supportive MACD and volume strength. Entry around ₹52–₹54 with exit near ₹60–₹65 offers a favorable short-term setup. Fundamentals show strong efficiency and low debt, but earnings volatility and lack of dividend are concerns. The stock remains attractive for momentum-driven investors within the renewable energy sector.
For broader context, you could explore a renewable energy outlook or compare SUZLON with peers through a valuation comparison.