Suzlon Energy Shares price: The renewable energy stock witnessed a sharp plummet during the morning trading session as euphoric investor sentiment waned off. In the last month alone, Suzlon Energy shares experienced a robust rally, surging over 20% on the bourses. The market mood remained bullish as the company reported a strong Q4 result.
At 11:35 am, the Suzlon Energy shares were trading at ₹68.53, down by more than 3.7% on the National Stock Exchange.
Investors rushed to book profits after the renewable energy stock gained heightened interest. While D-street was already expecting robust Q4 figures, the eventual results came-in better-than-expected. During the quarter under review, Suzlon Energy recorded a triple-digit rise of 365% in profit levels, increasing to ₹1,181 crore from ₹254 crore reported in the corresponding quarter of the previous fiscal year.
Operational income followed suit, standing at Rs 3,774 crore in Q4FY25, as against Rs 2,179 crore recorded in the same period last year, marking a 73% rise.
Post Suzlon's Q4 play, multiple brokerages, including Motilal Oswal and JM Financials, maintained their 'Buy' rating on the stock with a revised target price.
"Following the earnings call, we largely maintain our FY26/27 earnings estimates but raise our TP to Rs 83. The early implementation of local content-related draft notification can be a strong catalyst for the stock," Motilal Oswal stated in its recent report.
Suzlon Energy Share Price
Despite witnessing a drop during Monday's trading session, Suzlon shares have managed to remain in the green territory. In the last 6 months period, the stock movement has stayed largely range-bound, albeit in the green zone.
The stock is currently trading around ₹68.50 price level, down by over 20% from its 52-week high of ₹86. On an annual basis, the shares have witnessed a rise of 37%.
