9 months ago
Suzlon Shares in Focus on Monday
Suzlon Energy is in the news because of a few important updates.
First, the company had a penalty reduced by tax authorities in Gujarat.
They also plan to build three new factories to make wind turbine blades, which will cost them a lot of money every year.
Additionally, they paid a small fine for not following water usage rules on time.
Some experts are worried about the company's stock price, which has been going down.
They say it's not a good time to buy the stock unless it starts going up consistently.
Suzlon's penalty reduced to Rs 50,000 by Gujarat State Tax authorities, with a refund of Rs 19 lakh to be processed.
Company plans to set up three new AI-enabled smart-blade manufacturing units, investing Rs 500–550 crore annually.
Suzlon paid a Rs 1 lakh penalty for late submission of an application to the Central Ground Water Authority.
Stock has fallen over 15% in the past month, showing a downward trend with sellers in control.
Analysts advise caution, suggesting fresh buying should be avoided until the stock shows consistent upward movement.
- Who
- Suzlon Energy
- What
- Penalty reduction, new factory plans, stock performance analysis
- Where
- Gujarat, Karnataka (planned factory locations)
- When
- Monday (markets open), December 5 (regulatory filing), December 4 (regulatory lapse filing)
- Why
- To upgrade facilities, manage future demand, and comply with regulatory requirements
Key facts
- Current Share Price
- Rs 51.75
- Penalty Reduced To
- Rs 50,000
- Refund Amount
- Rs 19 lakh
- Investment in New Factories
- Rs 500–550 crore annually
- Penalty for Regulatory Lapse
- Rs 1 lakh
Quotes
Aakash Shah
Research analyst at Choice Broking
“A key technical concern is that Suzlon is now trading below all major EMAs. With all major moving averages trending downward, overall momentum clearly favours the downside. The stock has struggled to reclaim even the closest moving average, highlighting the lack of strong buying interest and reinforcing bearish sentiment.”
businesstoday.in
“Recent candles show persistent selling pressure, with no meaningful reversal patterns visible yet. Volume remains high but largely on down days, suggesting active distribution rather than accumulation. This adds to the caution as the stock approaches important support areas. Immediate support lies around 48–47.5; a breakdown below this zone may extend the decline toward 45–44. On the upside, any rebound toward 53–55 is likely to face selling pressure again, as these levels align with declining EMAs.”
businesstoday.in
