Suzlon Shares Dip 3% Ahead Of Q4 Results After Four-Day Winning Streak; Should You Buy?

Last Updated:May 29, 2025, 12:45 IST

Suzlon Energy shares ended a four-day winning streak on Thursday, falling nearly 3% to Rs 64.75 on the BSE ahead of its March quarter (Q4 FY25) earnings

Suzlon Energy shares ended a four-day winning streak on Thursday, falling nearly 3% to Rs 64.75 on the BSE ahead of its March quarter (Q4 FY25) earnings announcement due later in the day. The stock had opened higher for a fifth consecutive session but reversed gains during intraday trade.

Until Wednesday, Suzlon had climbed over 8% across four sessions, supported by strong investor sentiment and technical momentum.

In the December quarter (Q3 FY25), Suzlon reported a 91% year-on-year jump in revenue to Rs 2,968 crore, with EBITDA more than doubling. Margins improved by 90 basis points. Volumes surged to 447 MW, compared to 170 MW in the same quarter last year and 256 MW in Q2. For the first nine months of FY25, the company delivered a total of 977 MW.

Last month, Suzlon secured a 378 MW order from NTPC Green Energy — its largest ever from a single customer. This brought the total order book from NTPC Green to 1,544 MW. Notably, Suzlon had earlier won a 1,166 MW order from the same PSU in September 2023.

Analyst Views & Price Targets

According to Trendlyne, the average price target for Suzlon Energy is Rs 72, implying a potential upside of around 10% from current levels. Among the nine analysts covering the stock, the consensus recommendation remains ‘Strong Buy’.

Technical Indicators

Suzlon’s Relative Strength Index (RSI) stands at 71.3, indicating overbought conditions and the potential for a near-term pullback. The MACD is at 1.5, remaining in bullish territory above both its signal and center lines.

The stock continues to trade above all key simple moving averages (5-day through 200-day), underscoring sustained upward momentum.

Market Expert Commentary

Ameya Ranadive, Chartered Market Technician and Senior Technical Analyst at StoxBox, remains bullish on Suzlon: “Suzlon Energy has broken out of its consolidation near Rs 60 and is now approaching critical resistance in the Rs 69–70 zone. A breakout above this level could trigger the next leg of the rally. Indicators such as RSI, ADX, and MACD are supportive. As long as the stock holds above Rs 60, dips can be considered buying opportunities.”

However, A R Ramachandran, SEBI-registered independent analyst, offers a more cautious take: “While the chart remains bullish, the stock is also overbought with resistance around Rs 68. A daily close below Rs 61 could lead to a correction toward Rs 51 in the near term. Investors should consider booking profits.”

Suzlon Energy is a leading provider of renewable energy solutions, primarily known for manufacturing wind turbines. It also offers end-to-end solar energy services, including site assessment, infrastructure development, and life-cycle asset management.

Over the past three months, Suzlon shares have rallied 31%. Over a two-year period, they have delivered an impressive return of 528%. The company currently commands a market capitalisation of Rs 88,704 crore.

First Published: