Amid the rising selling pressure in the broader markets, Suzlon Energy managed to defy the gravity and crept higher on Monday on the back of positive brokerage action. However, technical experts, on the other hand, believe that the stock is headed for more downside before any pullback in the counter. Advertisement

Shares of Suzlon Energy gained nearly 2.5 per cent to Rs 53 on Monday, before giving up some gains, to trade around to Rs 51.8 with a total market capitalization of more than Rs 71,000 crore in the final trading hours. However, the stock had settled at Rs 51.75 on Friday. Brokerage firms see up to 50 per cent upside in the stock.

India’s wind additions are expected to reach 6GW in FY26, 8-9 GW In FY27 & 12GW in FY28. The company is likely to exceed the 2030 target of 100 GW an

See Full Page