After a steady climb over the past week, Suzlon share price today has taken a breather just ahead of the company’s March quarter results. The stock, which had gained more than 8% in the previous four sessions, dipped around 1.3% in Thursday’s early trade, trading at approximatelyINR65.40 before slightly recovering to INR65.64.
With investors turning cautious before Suzlon’s earnings announcement, the question that’s on everyone’s mind is: Should you buy Suzlon shares at current levels or wait for a better entry point?
Why Is Suzlon Share Price Under Pressure Today?
As seen in many result-bound sessions, profit booking is one of the major reasons for today’s weakness in Suzlon’s stock. After a strong rally from ₹51 to ₹68 recently, traders seem to be cashing in some gains before the quarterly numbers come in.
Technical experts also pointed out that a shooting star candlestick pattern has appeared, suggesting a possible pause or mild correction. The stock is now facing resistance at ₹68, while the support is seen near ₹60. A fall below ₹60 could trigger more downside.
But this isn’t necessarily a red flag – short-term dips are common before major financial announcements, especially when stocks have rallied fast.
Suzlon’s Last Quarter Was Impressive
Looking back at the December quarter results (Q3 FY25), Suzlon delivered a strong financial performance:
- Revenue (Topline): ₹2,968 crore — up 91% YoY
- EBITDA (Profit Before Key Expenses): Doubled from the same period last year
- Margins: Improved by 90 basis points
- Volume: 447 MW delivered, compared to just 170 MW in Q3 FY24
These numbers show that Suzlon is growing rapidly and efficiently. For the first nine months of FY25, total deliveries stood at 977 MW, showing solid progress.
Strong Order Book and New Deals Boost Long-Term Outlook
One of the most promising signs for Suzlon’s future is its order pipeline.
In April, Suzlon extended its partnership with NTPC Green Energy, grabbing a 378 MW order. This deal is the biggest-ever collaboration the company has had with any client. With this, Suzlon’s total orders from NTPC Green stand at a massive 1,544 MW.
In fact, just in September last year, Suzlon won its largest wind energy order of 1,166 MW from NTPC Green — proof that India’s push towards clean energy is directly benefiting Suzlon.
Analyst Ratings Still Favor Suzlon
Despite the recent price dip, brokerages are still optimistic about Suzlon’s medium to long-term potential.
- Motilal Oswal recently reiterated its ‘Buy’ rating on the stock with a price target of ₹75, suggesting an upside of over 30% from current levels.
- Nuvama believes Suzlon will benefit from the growing focus on RTC (Round-The-Clock) and Hybrid energy tenders being rolled out by the government.
Out of 8 analysts covering the stock:
- 6 have a “Buy” rating
- 2 have a “Hold” rating
- 0 analysts are suggesting a “Sell”
This suggests that the broader market sentiment on Suzlon remains quite positive.
Market Mood & External Pressures
It’s also worth noting that Thursday’s weakness in Suzlon stock is in line with overall market softness. The Sensex slipped by 239 points, and the Nifty50 dropped by 73 points, mostly due to weak global cues and cautious mood ahead of F&O expiry.
Many mid-cap and small-cap stocks, including Ola Electric, also saw mild corrections ahead of their results. So, it’s not just about Suzlon — it’s a sector-wide trend.
Should You Buy Suzlon Share Today?
For Long-Term Investors
If you're looking at a 2-3 year investment horizon, Suzlon looks like a strong green energy play. The clean energy theme is gaining traction both in India and globally. With a growing order book, better financials, and government support, Suzlon’s long-term story remains solid.
Buying during short-term weakness may actually turn out to be a smart move — especially if the stock bounces back after its results.
For Short-Term Traders
Caution is advised. The stock is near a resistance level and may go through some choppy movement in the coming sessions. A wait-and-watch strategy might be better until the results are announced and the price direction becomes clearer.
If you already hold the stock, you could lock in some profits or place a trailing stop-loss near ₹60 to manage risk.
Key Support & Resistance Levels
- Support: INR 60
- Resistance: INR 68
- Target (as per Motilal Oswal): INR75
What to Watch Next?
Suzlon is expected to release its March quarter (Q4 FY25) results very soon. Investors should closely watch:
- Any jump in revenue and profits compared to the December quarter
- Updates on fresh orders, especially from government or international clients
- Any commentary on delivery timelines and capacity expansion
Positive numbers and bullish guidance from the management could bring back the bulls in no time.