Archive · 23 Jul 2025
Suzlon Energy Shares Fall Amid High Court's Tax Penalty Ruling
Imagine a company, Suzlon Energy, that provides solutions for renewable energy.
Recently, they had a problem with taxes, where the government thought they had claimed too much back.
The company went to court, and the court agreed with them, canceling the tax penalty.
Even though this happened, the company's stock price went down a bit in trading.
Some experts believe that the company will do well in the future because of good projects and targets.
They are also expecting an increase in EPC share in the order book.
This is a sign that the company is doing better after some difficult times.
Suzlon Energy shares experienced a decrease in trading value on Wednesday.
The Madras High Court overturned a tax penalty order against Suzlon Energy.
The initial penalty imposed by the Joint Commissioner of CGST and Central Excise was for excess input credit.
The penalty, totaling Rs 1,18,39,093, was for GST returns from FY2020-21 to FY2022-23.
Brokerage firms such as MOFSL and Anand Rathi maintain a positive outlook on Suzlon Energy.
- Who
- Suzlon Energy, the Joint Commissioner of CGST and Central Excise.
- What
- Suzlon Energy's shares traded lower after news of a quashed tax penalty.
- When
- The High Court order was dated July 21, and received on July 22, 2025.
- Where
- The High Court of Judicature at Madras.
- Why
- The market reacted to the news involving the tax penalty.
Financial Analysts' Views
Market Reaction
Market Outlook vs. Stock Performance
Financial Analysts' Views
Several analysts maintain a 'Buy' rating on Suzlon Energy stock due to a robust recovery and positive growth prospects, including anticipated order growth and project execution.
Market Reaction
The initial market reaction showed a decrease in stock value.
- Stock Drop
- 1.45%
- Stock Low
- Rs 65.57
- Penalty Amount
- Rs 1,18,39,093
- Court
- Madras High Court
- Brokerage Recommendations
- 'Buy'
- MOFSL Target Price
- Rs 82
- Anand Rathi Target Price
- Rs 81