The stock declined over 2% on Monday, hitting its lowest level in nearly six months at ₹39.92 on NSE, approaching the 52-week low of ₹38.19 touched in March. According to The Economic Times, the decline came amid sharp rise in trading volumes and broader market weakness weighed down by surging oil prices, rising bond yields and geopolitical concerns. Suzlon Energy Q1 results showed EBITDA and PAT margins fell amid ongoing developments, given the temporary logistics disruptions arising from the geopolitical situation, certain strategic investments, and a change in scope and segment mix, as stated by Suzlon Group's CFO Rahul Jain.
The stock declined more than 1% on Friday, September 25, amid news reports highlighting Suzlon's focus on India's largely untapped wind repowering opportunity. According to PTI reports, Vice Chairman Girish Tanti said the repowering opportunity could be worth around 30 GW in India and 50 GW in Europe, describing it as one that has received relatively little attention. Speaking at WindEnergy 2026 in Hamburg, Tanti emphasized that India remains broadly on course to achieve its target of 100 GW of wind energy capacity by 2030, provided the country speeds up the expansion of its power transmission network and maintains a consistent pipeline of renewable energy auctions. He identified grid readiness as one of the key constraints, noting that transmission infrastructure currently takes around five years to develop, while wind and solar projects can be developed in less than two years.
The stock has experienced significant downward pressure, declining in nine out of the last 12 trading sessions and falling 22% so far in 2026. According to latest data, the stock has declined 7.16% over the past week, 8.97% in two weeks, and 13.92% over one month, while falling 29.60% in the last three months. The stock has also declined for three straight days, indicating sustained selling pressure. The stock has lost nearly half its value since hitting a 52-week high of ₹61.50 in November last year, with the company currently having a market capitalisation of around ₹54,968 crore. Currently, the stock is trading at a price-to-earnings multiple of 18.5 times, with technical analysts suggesting the stock faces strong resistance around ₹61 while ₹39 remains a crucial support zone.
Tanti provided an optimistic outlook for India's wind energy sector, stating that if you add up the bids which have been announced, the projects under development and the projects under construction, already today as an industry, we have visibility about 85 GW before 2030 to be commissioned. Adding that with another five years remaining until 2030 and additional bids expected, the industry is largely on track to meet the 100 GW target. The executive said the next phase of India's renewables planning should target 400 GW of wind capacity by 2047, with Tanti noting that as an industry we are ready, adding that the wind target could increase further as confidence in the technology grows.
According to the BSE shareholding pattern for the June quarter, promoters held a 11.71% stake in the company, while 88.29% belonged to public shareholders. India's Mutual Funds maintained a 6.47% stake among public shareholders, with Motilal Oswal Manufacturing Fund holding a 2.88% stake. Small retail shareholders with authorized capital up to ₹2 lakh held a 25.15% stake, while large retail shareholders with capital over ₹2 lakh held a 13.72% stake.
