Power stocks Suzlon Energy and Adani Power faced declines in Tuesday's trading, with Suzlon down 2.5% and Adani Power slipping 0.8%. According to reports from LiveMint, both counters declined during intraday deals despite their strong long-term performance. Suzlon Energy hit an intraday low of ₹41.76, while Adani Power fell to ₹200.40 per share.
The renewable energy stock has been under pressure across multiple timeframes, with shares losing 7% in 1 week, 10.5% in 1 month, 27% in 3 months and 28% in the last 1 year. However, as reported by LiveMint, Suzlon Energy has delivered substantial returns over longer horizons, rising 606% in 5 years. The stock touched its 52-week high of ₹61.45 in November 2025, while its 52-week low stands at ₹38.17, recorded in March 2026.
According to a report in The Daily Star, one of the two units of the 1,600 MW Godda plant in Jharkhand was taken offline after developing a boiler problem late on Thursday. The shutdown occurred just as the plant had started increasing generation following weeks of reduced output caused by coal transportation disruptions. As reported by LiveMint, this operational issue has emerged as a key recent development for the company, while Bangladesh continues to grapple with a significant power crisis.
During its 31st Annual General Meeting held last Friday, shareholders approved all resolutions including adoption of Financial Statements for FY26 and reappointment of Vinod R Tanti as Director. According to LiveMint, Suzlon Energy reported a net profit of ₹305.22 crore in Q1FY27, compared with ₹324.32 crore in the year-ago period. The company maintained strong revenue from operations with Q1FY27 net revenue of ₹3,819.36 crore, compared with ₹3,117.33 crore in the corresponding period last year.
Despite recent weakness, both power stocks have delivered impressive multibagger returns over extended periods. As reported by LiveMint, Adani Power has gained 31% in 6 months and 58% in the last 1 year, while over a five-year period, it has soared 925%. Similarly, Suzlon Energy touched its 52-week high of ₹61.45 in November 2025, while Adani Power reached its 52-week high of ₹254.15 in May 2026. The current market pressure reflects operational challenges rather than fundamental business performance for both companies.
