Suzlon Energy shares hit 5% upper circuit amid block deal

The stock price also rose after the company won new of 402 MW from for the 3 MW series.

As part of this order, the company will install 134 (WTGs) with a rated capacity of 3 MW each. The project is located at Fatehgarh in , and projects of this size can provide electricity to nearly 3.31 lakh households. It will also curb nearly 13.07 lakh tonnes of per year.

These are repeat orders from the customer for the company's larger rated 3 MW, S144‐140m turbines from the 3 MW product series. As part of the agreement, Suzlon will supply the wind turbines and execute the project including foundation, erection, and commissioning. Suzlon will also undertake comprehensive operations and post‐commissioning.

"Juniper Green Energy has been a long‐term, repeat customer for us, and we are delighted to partner with them again. This order helps us expand our footprint in Rajasthan," said Girish , Vice Chairman of .

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On a year-to-date basis, the stock has surged 20%, while it has rallied nearly 400% over the past one year.

Technically, Suzlon Energy's day RSI (14) is at 64. The RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed. MACD is at 0.1, which is above its center and signal line, this is a bullish indicator. The stock stood higher than the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day moving averages.

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