Suzlon Energy Closes 2.34% Higher at ₹57.53 Despite Order Cancellation Concerns

3rd April, 2025 / 12:30 PM

Suzlon Energy share prices were in the news for opening 1.88% lower than the closing price yesterday at ₹56.21 today (3rd April). Of course, it does seem to have slightly arrested the slide by touching ₹56.91 by midday. This indicates a slight growth of 1.24% over the opening price and this should come as a positive development for the company, especially in the aftermath of several order cancellations that have impacted its order book acutely.

The lowest point witnessed today is ₹56.93 while the peak threshold stood at ₹57.74. Yet, despite the slight increase over the opening price, the stock is mostly demonstrating a downward trend and whether it continues till the close of trading is something that remains to be seen.

3rd April, 2025 / 9:30 AM

Latest news of sizable order cancellations and a reduced order book continue dogging the Suzlon Energy share prices, which opened at ₹56.21 today (3rd April), a good 1.88% lower than yesterday’s (2nd April) closing price of ₹57.29. The opening price of ₹55.84 on 2nd April was 0.16% higher than the closing price of ₹55.75 on 1st April, while the opening price of ₹55.50 on 1st April was lower than the closing price of ₹56.66 on 28th March. 

This clearly indicates mixed fortunes for the stock, which has been in the news after earlier reports regarding its expanding order book and internal optimism regarding the revival of the industry itself. Yet, order cancellations could have an impact on the prices going forward, although they did close higher than the opening yesterday. 

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