Suzlon Energy shares dip 1.11% amid market volatility despite recent gains

Suzlon Energy shares declined 1.11 per cent to ₹59.62 in mid-day trading on April 22, 2025, despite the renewable energy company’s recent positive momentum following favorable policy developments in the wind power sector.

The slight pullback comes after Suzlon had gained nearly 5 per cent in the previous session, when shares climbed to an intraday high of ₹57.65 on the NSE. The stock had been on an upward trajectory, posting gains of over 12 per cent in the past two weeks, outperforming the benchmark Sensex which rose 8.6 per cent during the same period.

Suzlon’s recent rally was fueled by the Ministry of New and Renewable Energy’s draft notification for a Revised List of Models & Manufacturers (RLMM) for wind turbine models, which mandates domestic sourcing of key components like blades, towers, gearboxes and generators. This policy shift aims to boost local manufacturing in India’s wind energy sector.

The company had also secured a significant order from Sunsure Energy on April 17 to supply 48 advanced S120 wind turbine generators with Hybrid Lattice Towers for a project in Maharashtra’s Jath region, each with a capacity of 2.1 MW.

The broader market remained positive with the Nifty maintaining its position above the 24,000 mark and Bank Nifty reaching a record high of 55,461.65. However, analysts caution that volatility may persist due to US-China trade tensions and potential clashes between President Trump and Federal Reserve Chair Powell over interest rate policies.

Published on April 22, 2025