Suzlon Energy will be under investor scrutiny when markets open Monday as the wind-energy company navigates both regulatory relief and technical headwinds. The firm recently reported that a penalty on its merged subsidiary for e-way bill violations has been slashed to Rs50,000 from Rs19.5 lakh, with the balance to be refunded. Separately, Suzlon paid Rs1 lakh to the Central Ground Water Authority for a late NOC filing, which it said would not materially affect operations. While these actions may ease investor concerns, the stock faces weak technical momentum.
Suzlon is pursuing ambitious growth, planning three AI-enabled “smart-blade” manufacturing units in Gujarat, Karnataka, and a third yet-to-be-finalized location. The expansion, supported by an annual Rs500-550 crore capex from internal accruals, aims to modernize its 15 factories with automation, robotics, and digital workflows, enhancing efficiency, scaling production, and meeting rising wind-energy demand.
Technically, Suzlon trades near Rs51 after a >15% monthly decline, below key exponential moving averages (EMAs), reflecting bearish pressure. Analysts see support around Rs48-Rs47.5 and resistance near Rs53-Rs55, cautioning against fresh buying until a firm close above the 20-day EMA.
Investors will watch the refund, factory progress, stock reaction, and any new contracts this week to gauge near-term recovery potential.
