Suzlon Energy shares fall 2% to near six-month low, down 15% in one month
Suzlon Energy shares slipped over 2% to a near six-month low, approaching their 52-week low amid higher trading volumes and broader market weakness. Investors are also tracking the company’s Q1 performance and wind energy outlook.
Shares of Suzlon Energy experienced a decline of over 2% on Monday, bringing the stock price to its lowest level in nearly six months. The company's shares closed at Rs 39.92 each on the NSE, nearing its 52-week low of Rs 38.19. Since October last year, Suzlon Energy's shares have experienced a decline of nearly half in value. The company's market capitalization stands at around Rs 54,968 crore.
The decline in the stock price coincided with a rise in trading volumes, a broader market downturn, and factors such as rising oil prices, increased bond yields, and geopolitical concerns affecting the market.
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