Suzlon Energy : Suzlon Energy, a leading wind energy company in India, recently provided an update on its order book, revealing the cancellation of two significant orders. Following this announcement, the company’s share price witnessed a decline. On Tuesday, amid a broader market downturn, Suzlon Energy’s shares closed 1.45% lower at ₹55.84. With this drop, the company’s market capitalization stood at ₹76,200 crore.
Order Book Changes
In a filing dated March 28, 2025, Suzlon Energy reported that its order book stood at 5,622 megawatts (MW) as of that date. The company disclosed that a total of 199 MW worth of orders had been cancelled. This includes a 99 MW order from Vibrant Energy, originally placed on May 17, 2023, which the client decided not to pursue further. Additionally, a 201.6 MW order from O2 Power Private Limited, received on December 15, 2023, was halved and reduced to 100.8 MW. The company stated that these changes would not significantly impact the overall order book position.
As of January 28, 2025, Suzlon’s order book was reported at 5,523 MW.
After accounting for new orders, cancellations, and revisions, it has now reached 5,622 MW. The company also noted that this figure includes dispatches made during the fourth quarter of the financial year 2025 (January-March 2025).
Financial Position
Suzlon Energy had announced its quarterly results for the October-December 2025 period, reporting a net worth of approximately ₹5,000 crore. This reflects a positive financial signal for the company, though the news of order cancellations has sparked concerns among investors.
Amid a broader market decline on Tuesday, Suzlon Energy’s stock faced selling pressure. Technical analysis suggests that the stock’s chart structure appears weak. Over the past four trading sessions, the stock has shown pressure from higher levels and closed below its 50-day moving average (50 DMA) on Tuesday. On the daily chart, the stock formed an “inverted hammer” candle, indicating potential further downside.
- Resistance Levels: The immediate resistance for the stock is at ₹57. A breakout above this level could signal a recovery. In the longer term, ₹59 acts as a strong resistance zone.
- Support Levels: On the downside, ₹52 offers solid support. If this level breaks, the stock could slide to ₹48.
Advice for Investors
Following the order cancellations and the subsequent drop in share price, market analysts advise investors to exercise caution. Given the current weakness in the stock, experts recommend waiting for a confirmed breakout above the ₹57 resistance before considering buying. Conversely, a drop below ₹52 could signal further declines.
Suzlon Energy remains one of India’s largest renewable energy solution providers, with a robust order book. However, recent developments have introduced uncertainty among investors. Keeping an eye on the company’s performance and market conditions in the coming days will be crucial.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investing in the stock market involves risks, so consult your-financial advisor before making any decisions.
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