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[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 6 sources · 6 days · First seen · Last updated

Suzlon Energy stock market performance

Overview

Suzlon Energy shares experienced a significant decline from their September 2024 peak, dropping approximately 55% as the company faced sustained selling pressure. Prior to the release of quarterly results, the stock had fallen nearly 39% from its 52-week high.

Following the company’s second-quarter financial report for the 2026-27 fiscal year, the stock continued to struggle. While revenue from operations increased by 25.96% year-on-year, consolidated net profit saw a 69.19% year-on-year decline, falling to Rs 394.15 crore.

In response to these results, several brokerages lowered their price targets for the stock. JM Financial downgraded the stock from ‘Buy’ to ‘Add’, noting challenges related to competition and the company’s position as a single-product entity in the Indian wind energy market.

Entities

Suzlon Energy · NSE · JM Financial · Axis Capital · Securities and Exchange Board of India

Timeline

  1. [BUSINESS] 2 sources
    Suzlon Energy stock falls following Q2 earnings report

    Suzlon Energy shares tumbled after reporting a 69.19% year-on-year decline in Q2 net profit, despite a 25.96% increase in operational revenue.

  2. [BUSINESS] 4 sources
    Suzlon Energy shares drop 55% from September 2024 peak

    Suzlon Energy shares have fallen nearly 55% from their September 2024 peak amid selling pressure ahead of quarterly earnings results due on October 29, 2026.

Sources

bhaskarlive.in · businesstoday.in · m.businesstoday.in · morungexpress.com · socialnews.xyz · yespunjab.com