Suzlon Energy Shares Fall By 3.63% On Impact of Order Cancellations & Penalty Order

4th April, 2025 / 3:30 PM

Suzlon Energy share prices have touched ₹55.40 today at the close, which is 3.63% lower than the opening price of ₹57.49 for the day. Incidentally, it was 0.06% lower than yesterday’s (3rd April) closing price of ₹57.53. However, the closing price was still higher than 3rd April’s opening price of ₹56.21 by 2.34%. This figure was also higher than 2nd April’s closing numbers by 1.88%. However, recent news of order cancellations, with a notional financial impact of ₹1,800 crore and a penalty order for its energy arm over non-payment of customs duty, have driven it lower by the end of the day.

4th April, 2025 / 12:30 PM

Suzlon Energy share prices were at ₹55.30 by midday, indicating a marked drop of 3.80% from the opening price of ₹57.49 for the day. The stock initially touched ₹57.03 after falling a bit and then came down considerably to ₹55.09. Thereafter, it recovered slightly and went on to post the midday figure. However, the curve has been mostly downward till now, and it’s quite like the opening price today, which was about 0.06% lower than yesterday’s closing price of ₹57.53.

Recent news about order cancellations seems to have taken the wind out of Suzlon Energy’s sails today, although it did close higher than the opening price yesterday. Is any such development in the offing? That is what has to be seen by the end of the day. 

4th April, 2025 / 9:30 AM

Suzlon Energy share prices started the day (4th April) at ₹57.49, which is just 0.06% lower than the closing price of ₹57.53 yesterday (3rd April). Interestingly, the latter was remarkably higher by 2.34% than the opening price of ₹56.21 for the day. However, it has been two straight days of opening below the closing price, since 3rd April’s opening numbers were lower by 1.88% than the closing price of ₹57.29 on 2nd April. The stock prices opened above the closing figures on 2nd April, although the same pattern as today was seen on the 1st as it opened lower than the closing price on 28th March. 

Recent order cancellations seemed to have affected the stock yesterday, although it rebounded positively and closed higher than the opening price. Will this trend repeat itself today? It remains to be seen whether stock prices hold or inch upwards/downwards going forward. 

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