Suzlon Stock Plunges from ₹86 to ₹40, Brokerage Firms Issue Unexpected Recommendations
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Suzlon Shares Plummet 50% from Peak; Brokerages Still Advise 'Buy'
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News18•03-03-2026, 08:46
Suzlon Shares Plummet 50% from Peak; Brokerages Still Advise 'Buy'
•Suzlon Energy shares plunged over 8% intraday, falling below ₹40, marking a two-year low.
•The stock has crashed over 50% from its September 2024 peak of ₹86.
•Despite the significant decline and operational challenges, major brokerages like Motilal Oswal, Nuvama, and JM Financial maintain 'Buy' ratings.
•Suzlon has closed in the red for 8 out of the last 9 months and saw its first annual decline in 5 years in 2024.
•Operational issues like slow project pace, land acquisition delays, and a widening gap between equipment delivery (3,175 MW) and commissioning (778 MW) are key concerns.
