Suzlon Energy Shares: Selling has increased in the broader market, but Suzlon Energy escaped from it on Monday and rose due to positive reports from brokerage houses. However, technical experts say that the stock may fall further and only then will there be a strong recovery.
Slight rise in shares, but pressure remains
Suzlon shares rose nearly 2.5% to ₹53 on Monday, but later closed in the red with a marginal fall. It had closed at ₹51.75 on Friday. Some brokerage firms are seeing the possibility of a rise of up to 50% in the stock.
Big growth in wind energy sector
Morgan Stanley says India could add 6GW of new wind capacity in FY26, 8–9GW in FY27 and 12GW in FY28. This is a big opportunity for Suzlon. According to the report, additional benefit of 20-30GW can also be obtained from C&I segment. Morgan Stanley has given ‘overweight’ rating on the stock and a target of ₹78. This is an increase of 50.82% from the current level.
Strong pipeline and export preparedness
Many brokerages believe Suzlon’s large order pipeline and export-ready platform will enhance its long-term value. The company has a manufacturing capacity of 4.5GW and an order book of 6.2GW. India is also moving towards achieving 10-20% share in the global wind supply chain.
Motilal Oswal says Suzlon’s EPC strategy gives it an edge over domestic and Chinese companies. According to the company, exports will be a major growth driver in the future. Motilal Oswal has given a target of ₹74 with ‘buy’ rating. This indicates a potential upside of 43.11% from current levels.
Stock condition: fallen more than 30% from high
Suzlon shares closed 0.10% lower at ₹51.69 on Monday. It has lost more than 30% from its 52-week high of ₹74.30. It has fallen 10% in the last one month and 23% in six months. Technical experts believe that the selling pressure is not over yet.
Technical View: Where is the important support level
According to Ganesh Dongre of Anand Rathi, Suzlon is under pressure in both daily and weekly charts. The next strong support lies between ₹45-47. The long-term trend looks slightly positive on the monthly chart. Dongre has advised that investors wait for the stock to fall near this support and ‘buy on dips’ there. Stop-loss should be kept at ₹43.
Weakness may continue
According to Milan Vasudev of Arihant Capital, Suzlon is stalling at 200-day SMA and a ‘lower-low’ pattern is forming. This means the trend of decline may continue. In his opinion, traders with short positions should hold it, keep a strict stop-loss at ₹55 and the stock can go to ₹43-38 in the coming weeks.
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