Suzlon Energy Shares Crash 55% From September 2024 Peak, Investors Eye October 29 Q2 Results For Recovery Cues

Mumbai: In a significant 55 percent drop from their September 2024 high, Suzlon Energy shares have been struggling recently. This decline follows a period of impressive growth, sparked by the company's debt-free status. Now, investors are eagerly anticipating Suzlon's second-quarter results for the fiscal year 2027, set to be released on October 29.

The shares, which had climbed from under Rs 6 in July 2022 to roughly Rs 83 in September 2024, have since experienced a sharp correction, losing a considerable chunk of their earlier gains. As of October 23, the stock was trading at Rs 37.40 on the National Stock Exchange (NSE), a decline of around 55 percent from its peak. The stock is presently 46 percent below its 52-week high of Rs 69.50.

Over the past six months, Suzlon shares have faced ongoing downward pressure, falling by Rs 3.60, or 8.78 percent, in the last five sessions and losing another Rs 3.40, or 8.33 percent, in the past month. The six-month performance has been particularly weak, with shares dropping Rs 19.53, or 34.31 percent. This decline comes after an earlier rally, following Suzlon's announcement that it had become debt-free, which boosted investor sentiment and led to a significant re-rating of the company's valuation.

Investors will be closely watching Suzlon's Q2 FY27 results on October 29, as the board is expected to meet on Thursday to review and approve unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The upcoming earnings announcement could provide fresh insights into Suzlon's financial position and its near-term outlook.