Suzlon Energy Shares Plummet Amid Profit Booking and Penalty News
Suzlon Energy shares tanked over 6% from its day’s high during Tuesday’s trading session.
The decline comes after the company reported its March 2025 quarter results. The company also announced a penalty imposed by the department of customs (Imports), Mumbai.
The penalty amounts to Rs 76.19 lakh, but the company claims it will have no material impact on its financials or operations.
Suzlon Energy shares fell to Rs 68 apiece, down from Rs 71.22 on Monday.
The company’s market capitalization slipped below Rs 95,000 crore.
Despite the decline, the stock has surged nearly 38% in the last three weeks.
The company’s Q4 results showed a significant rise in consolidated net profit to Rs 1,181 crore.
Suzlon Energy’s order book stands at 5.6 GW, 3.6 times its FY25 WTG volume.
The company has issued guidance for 60% growth across key parameters in FY26.
Brokerage firms like JM Financial, ICICI Securities, and Motilal Oswal Financial Services maintain a ‘buy’ rating on the stock.
Other renewable energy stocks, including NTPC Green Energy and Adani Green Energy, also declined 1-3% each.
