- Summary:
- Suzlon Energy share price was recently on an upward momentum after impressive quarterly results. Is the recent decline sign of things to come?
Suzlon Energy share price closed Monday’s session with another loss, registering the second successive session in red. The stock ended the session at -3.05% , and but is up by 6.8% in the last five trading sessions. However, it is in the negative side in 2025, with its returns at -10% year-to-date.
The renewable energy company reported revenues of Rs 2,968 crore ($340 million) (and a 91% jump in net profit to Rs 386.92 crore ($44.6 million) for the quarter ended December 31, 2024. Suzlon Energy (NSE: SUZLON) has a strong order book that will provide propulsion to its stock price upside. It recorded record-high quarterly deliveries of 447 MW of energy in the quarter under review, a jump of 132% from the corresponding quarter in the previous year.
As far as technicals go, the momentum on Suzlon Energy share price favours the upside. It currently trades above the Volume Weighted Moving Average (VWMA) level which is at Rs 55.50 on the daily chart at the time of writing. However, the RSI reading is at 43, signaling an underlying bearish momentum.
Also, trade tariff wars triggered by US President Donald Trump could ruffle equities markets. Indian stocks have been seeing substantial outflows of foreign institutional investors since the last quarter of 2024, and the tariff wars could exacerbate the situation.
Suzlon Energy Share Price Forecast
Suzlon Energy share price pivots at 56.80 and the momentum favours the continuation of the downside action below that mark. With the sellers in control, the stock will likely move lower and find the first support at 55.10. However, a stronger downward momentum will break below that level and potentially test the second support at 53.40.
On the other hand, moving above 56.80 will shift the momentum to the upside. In that case, the stock is likely to move to 58.50 where it will encounter the first resistance. Breaching that barrier will invalidate the downside narrative and potentially test the second resistance at 61.30.
