Suzlon Energy Picks Up After Sharp Drop at Open, Closes Strong Amid Duty Penalty News

7th April, 2025 / 3:30 PM

Suzlon Energy share prices closed at ₹52.52 after opening at ₹46.90, and that’s where the story turns fascinating. This indicates a growth of a whopping 11.98% and is significant, considering how share prices opened 15.34% lower than the 4th April closing price of ₹55.40. After this massive erosion in value, they did recover by 8.78% over the opening price at midday, trading at ₹51.02. This came after a peak threshold of ₹52.05 early on and then a series of dips and troughs before stabilizing at the midday figure.

News has emerged of a penalty order on the energy arm of the company for non-payment of customs duty, while broader market fluctuations have also made an impact on its share prices. Will they continue to affect it in the next few days?

7th April, 2025 / 12:30 PM

On a day of broader market correction and value erosion across top stocks, Suzlon Energy saw a huge slide of 15.34% when it opened at ₹46.90 as compared to the closing price of ₹55.40 on 4th April. However, the stock seems to have made up solid ground by midday, hitting ₹51.02. This push into the 50s may augur well for the stock which has been affected by order cancellations that hit investor sentiments hard over the last few days.

After the initial low, it hit a peak of ₹52.05 quite early on, before witnessing slight growth and dips en route towards stabilizing at the midday figure. The curve looks mostly stable although the broader pattern is still negative. Will it gain back value by the closing? That’s what investors are awaiting with keen interest. 

7th April, 2025 / 9:30 AM

Suzlon Energy share prices have touched ₹46.90 at the opening today (7th April), which was 15.34% lower than the closing price of ₹55.40 on 4th April. Interestingly, this closing price was 3.63% lower than the opening price of ₹57.49 for this day. However, the opening price for 4th April was about 0.06% lower in comparison to the closing price of ₹57.53 on 3rd April. This price was also higher than the opening price of ₹56.21 on the day by about 2.34%. This is the second straight day when the share prices have opened lower than the closing price. 

Suzlon Energy has been affected by news of order cancellations, although there still remains optimism regarding its future prospects. The notional financial effect of ₹1,800 crore due to these cancellations is what has impacted the share prices.

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