Suzlon Energy Share: Motilal Oswal Financial Services has reiterated its Buy rating on Suzlon Energy…
highlights
- The ongoing selloff in the Indian stock market amid increasing geopolitical tension in the Middle East is also impacting renewable energy stocks.
- Under this pressure, shares of Suzlon Energy Ltd reached a new 52-week low at the beginning of trading this week.
- Despite this, brokerage firm Motilal Oswal Financial Services has reiterated the BUY rating and set a new target price.
Due to increasing geopolitical tension in the Middle East, widespread selling is being seen in the Indian stock market. This has also affected the renewable energy sector.
Suzlon Energy: Why did Suzlon shares fall?
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The impact of the Iran-America war has been most visible on energy companies. Suzlon shares were trading in a volatile trend for the last few trading sessions. The stock’s decline extended further in trading on March 2, falling another 8.3%. For the first time after May 2024, Suzlon’s price went below the level of 40.
Suzlon shares have fallen about 17% in the last 12 months. It has declined by more than 20% since the beginning of the year 2026 till now (YTD).
Shares have been under heavy selling pressure since June 2025. They have closed lower in eight of the last nine months, with an overall price decline of 40%. The stock has also declined by 50.40% from the peak of Rs 86 in September 2024.
The stock is mostly owned by retail shareholders, and started a decline in June 2025, which later turned into a long correction. The stock which was once flying high in the Indian stock market is now struggling to rise. The stock’s RSI (Relative Strength Index) stands at 32, indicating it is close to the oversold zone.
Even though the wind energy company’s December quarter numbers are in line with Street estimates, the company, like other utilities, is facing difficulties in increasing commissioning due to land acquisition, RoW and grid connectivity issues.
Suzlon Energy share price target
Motilal Oswal Financial Services has reiterated its Buy rating on Suzlon Energy, and has given a target price of Rs 66. The valuation multiple has been reduced to 27x from 30x earlier, which the brokerage attributed to broader markets and softer sentiment in the power and renewables sector.
The brokerage said Suzlon has introduced a new management framework by creating a Group Executive Council (GEC) as part of the updated governance structure.
The brokerage noted that under this arrangement, JP Chalasani becomes a member of GEC from his role of Group CEO. Ajay Kapoor has been appointed as the new Group CEO, while Rahul Jain will continue in his current position as Chief Financial Officer.
Motilal Oswal said the changed structure is aimed at facilitating Suzlon’s plans to expand into solar power and battery energy storage systems (BESS), while the company will maintain its focus on the core wind energy business.
Suzlon Energy Q3 Results FY26
Suzlon Energy reported a nearly 15 per cent jump in its consolidated net profit to Rs 445 crore in the December quarter. This was mainly due to higher revenues. Its consolidated net profit for the quarter ending December 31, 2024 was Rs 388 crore.
Revenue from operations increased to Rs 4,228 crore from Rs 2,969 crore in the same period a year ago. In the third quarter, the company had a record order book of 6.4 GW, with the highest ever quarterly deliveries of 617 MW, while 2.4 GW is in the works.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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