Suzlon Energy Shares Dip Ahead of Q2 Results as Experts Predict Bounce Back

Suzlon Energy shares closed at 37.40 rupees on the National Stock Exchange last Friday, marking a 39 percent drop from their 52-week high of 69.50 rupees. The company has announced that its board of directors will meet on October 29, 2026, to consider and approve its standalone and consolidated financial results for the quarter and half-year ended September 30, 2026.

Market Views

Market experts note that the stock has traded as a sell-on-rise option after its initial rally following debt relief. Seema Srivastava, senior research analyst at SMC Global Securities, points out that the market is currently waiting for the company to control expenses to improve its margins and trigger a second round of re-rating. Meanwhile, Nuvama projects roughly 690 megawatts of execution in the second quarter of fiscal year 2027, alongside an estimated EBITDA margin of 16.6 percent. Brokerage projections also highlight a robust order book ranging between 5.9 gigawatts and 6.1 gigawatts, which supports a projected 22 percent compound annual growth rate in EBITDA through fiscal year 2028.

Expert Recommendations

Analyst Mahesh M Ojha from KC Securities states that the stock has corrected 29 percent in one year and about 26.5 percent year-to-date, leaving limited room for further downside since the weighted average price sits in the 38 to 40 rupee band. Sumeet Bagadia from Choice Broking advises existing shareholders to hold the scrip with a strict stop-loss at 35 rupees, targeting an upside of 42 to 46 rupees, while noting that fresh investors can also enter at current levels.

Context

Renewable energy firms often experience cyclical stock movements based on order execution milestones and quarterly margin reports. Investor sentiment in this sector is heavily influenced by broader commodity prices and government clean energy targets.