Suzlon Energy shares crash 8%, hit 52-week low after Q2 results; should you buy? Check UBS, Motilal Oswal targets
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Suzlon Energy shares fell over 8 per cent on October 30, hitting a 52-week low of Rs 33.23.
- ✓The drop followed Q2 results showing a 69.2 per cent profit fall.
- ✓Despite this, brokerages like UBS and Motilal Oswal kept their buy ratings, seeing potential upside for the renewable energy company.
Story at a Glance
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- MARKET
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- Zee Business
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- 6 Minute(s)
- Market Focus
- India Economy
Shares of Suzlon Energy declined sharply on Friday. Image Credit: Suzlon Energy
Shares of Suzlon Energy declined sharply on Friday, falling over 8 per cent after the renewable energy company reported its September quarter results for the financial year 2026-27.
The stock was trading at Rs 33.74 on the NSE, down Rs 3.05 or 8.29 per cent, around 10:32 am on October 30. During the session, it touched a fresh 52-week low of Rs 33.23.
The decline came after the company's consolidated net profit attributable to owners fell 69.2 per cent year-on-year (YoY), while its earnings before interest, tax, depreciation and amortisation (EBITDA) remained largely flat. The company also reported a contraction in its EBITDA margin during the quarter.
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