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The ongoing boom in Suzlon has now stopped. Despite good quarterly results, the stock is under pressure. That is why people are constantly asking what should be done now. On this, experts have said that do not panic, but move ahead with a stop loss.
A look at Suzlon's stock- The stock opened at Rs 68.99 on Wednesday against the closing price of Rs 68.87. After this, the stock came down to the price of Rs 67 during the day. But in a month, the stock has fallen by 13 percent. The stock had reached Rs 84. Whereas, now it is below Rs 70. (Big Order Win: 3 companies got orders worth crores in a few minutes- shares on upper circuit) Talking about the results- The company's profit has increased by 95.72 percent to Rs 200.20 crore on an annual basis. During this period, the company's income has increased by 47.98 percent to Rs 2,103.38 crore. (Adani Group Stocks: Preparation for a big rise in Adani Group stock? Analyst bullish on the stock after good results) What should investors do now- In the show of CNBC Awaaz, an investor asked that if he has 1000 shares at the price of Rs 72, then what should he do now? On this, Manas Jaiswal says that lower top lower bottom is currently being formed on the stock. In such a situation, a stoploss of Rs 62 should be applied.
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