Suzlon Energy’s stock has faced selling pressure this week despite reporting a 91% YoY jump in net profit for Q3 FY25. The stock opened at ₹54.96 but quickly fell to an intra-day low of ₹52.32, mirroring the broader market’s volatility. With a 20.4% gain in the past year, investors are questioning whether Suzlon can sustain its bullish trend.
Suzlon secured a 201.6 MW deal with Oyster Renewable and expanded its total project size in Madhya Pradesh to 283.5 MW. Financially, the company posted a 91% YoY net profit jump to ₹388 crores. However, broader market weakness has kept Suzlon’s stock under pressure, raising questions about its near-term momentum.
Suzlon’s stock must hold above ₹49.11 and reclaim ₹53.89 to confirm a recovery. A break above ₹61.00 could fuel a stronger rally.
However, if selling continues, ₹43.91 could be the next downside target. With strong earnings, growing renewable energy deals, and a solid long-term outlook, Suzlon remains a stock to watch—but short-term volatility could keep traders on edge.
This post was last modified on Feb 27, 2025, 12:05 GMT 12:05