Suzlon Energy Stock: A Rough Few Days for India’s Wind Turbine Giant
So, what’s the story with Suzlon Energy stock in the last few hours (or days)? It’s been a bit of a rollercoaster—some good numbers, but the stock’s been taking a beating. Let me walk you through it.
Q1 Ditto vs Disappointment
First up, Suzlon’s Q1 results were a mixed bag. On one hand, the company posted a 7% year-on-year rise in consolidated net profit, clocking ₹324 crore for the June quarter. Revenue jumped 55%—that’s huge—thanks to solid domestic demand and no small help from export potential. (The Economic Times)
But here’s the kicker—the profit after tax (PAT) missed expectations, and that came from a ₹134 crore deferred tax hit. That kinda cooled investor enthusiasm real quick.(The Economic Times Mint)
Stock Slumps—Four Straight Days of Red
The outcome? Over the last four trading days, Suzlon’s share price has plunged around 10–11%. On Monday alone—and this is today—it dropped as much as 5.7%, touching ₹60.06 on BSE. (The Economic Times)
By mid-day, the stock was trading at about ₹57.62, reflecting that 4.07% dip.(The Economic Times, The Economic Times)
Other reports note it slipped about 4–5% to ₹57.40—marking its fourth session slide. (Business Today, Mintt)
Broader Market Context & Technicals
Suzlon isn’t the only one bleeding. The broader Sensex has dipped too, dragging Suzlon along. (The Economic Times, MarketsMojo)
Technically, the stock is trading well below most key moving averages—from 5-day to 200-day—giving it a heavy bearish tone.(The Economic Times, MarketsMojo)
The RSI is hovering around 31–35, close to oversold territory, and MACD looks negative—sure signs of sustained selling pressure.(The Economic Times, MarketsMojo)
Sector Outlook: Still Hope Amid Weakness
Here’s some silver lining: UBS recently reiterated a “buy” rating on Suzlon, alongside other power equipment makers like BHEL and Waaree. They still see long-term strength in the sector. (The Economic Times)
Also, backing that up, the company’s execution capabilities remain strong—remember the solid Q1 topline and profit jump thanks to healthy turbine deliveries and order execution. (The Economic Times)
Quick Refresher: Where Suzlon Stands Today
To make sense of this all:
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Q1 results: +7% PAT YoY (₹324 crore), +55% revenue. (The Economic Times)
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BUT PAT missed estimates due to deferred tax; shareholders weren’t thrilled.(The Economic Times Mint)
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Share price energy: down ~10–11% across four trading days, including a 5.7% drop today. (The Economic Times)
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Intraday levels: ₹57–₹60 range.(The Economic Times, Business Today)
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Technicals: trading below all major moving averages; bearish bias.(The Economic Times, MarketsMojo)
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Value watchers: RSI near oversold; MACD negative. (The Economic Times, MarketsMojo)
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Sector outlook remains cautiously optimistic, with reputable brokerages still leaning bullish. (The Economic Times)
What It Means for Investors
If you’re holding Suzlon stock, seeing a drop like that feels like a gut punch—even if the fundamentals still look solid. But this dip might also be seen as a short-term overreaction to a tax glitch.
For folks thinking of buying the dip, consider these:
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The quarterly numbers aren't bad—just not as good as expected. Revenue is strong.
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Traders will notice RSI nearing oversold—that could trigger some bounce if sentiment flips.
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But the technical breakdown matters—stock is below key moving averages, making it tough to trust quick rebounds yet.
For now, it’s probably smart to watch closely—maybe wait for signs of stability or a bounce in broader markets before jumping back in.
SEO-Friendly Recap
SEO Keyword | Mention Context |
---|---|
Suzlon Energy stock | Discussion throughout the piece |
Last hours' news, Suzlon | Covered stock movement and Q1 news |
Suzlon share performance today | Talked about intraday and multi-day trends |
Suzlon Q1 results | Highlighted PAT and revenue outcomes |
Suzlon stock decline | Detailed percentage drops and trading details |
Suzlon technicals | Talk about the RSI, moving averages, and bearish indicators |
Suzlon sector outlook | Shared UBS' positive view on renewable energy players |
Let me know if you'd like to add investor quotes, a deeper numbers breakdown, or even compare Suzlon vs peers like Waaree or BHEL.