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7h ago

Suzlon Shares Slump for Fourth Day, Erasing Rs 40,000 Crore in Market Value

Persistent selling has driven the wind energy maker’s stock to near two-year lows following execution shortfalls, the finance chief’s departure alongside an unresolved exchange query.

Suzlon Energy shares fall 35% as investors lost Rs 40,000 cr in 11 months; check details
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Overview

  • Suzlon shares fell 4.5% on August 18 to around Rs 57.40, marking a fourth straight session of losses and cutting market value by roughly Rs 40,000 crore from its peak.
  • The company posted Q1 FY26 revenue of Rs 3,131.7 crore, net profit of Rs 324.3 crore and EBITDA of Rs 598.2 crore, but executed only 444 MW, slightly missing broker projections.
  • Motilal Oswal, JM Financial and Nuvama have lowered their target prices to Rs 80, Rs 78 and Rs 67 respectively, reflecting higher tax assumptions and softer realisations.
  • Group CFO Himanshu Mody’s early-August exit has amplified uncertainty, with analysts highlighting his key role in Suzlon’s balance-sheet recovery.
  • The stock exchange’s request for clarification on a reported Rs 6,000 crore deal with Tata Power remains unresolved as Suzlon says there is no disclosureable event.