Suzlon Energy (NSE: SUZLON) shattered expectations on Tuesday as its share price surged past the critical ₹80 level, marking a 12% weekly gain and cementing its status as India’s hottest renewable energy play. The stock’s relentless climb comes despite recent profit-taking warnings from analysts, proving investor conviction in the wind energy giant’s turnaround story remains unshaken.
Markets initially hesitated after promoters offloaded a ₹1,295 crore stake last week, but the dip was aggressively bought. Traders are now laser-focused on Suzlon’s expanding order book and India’s accelerating renewable capacity targets, brushing aside short-term valuation concerns.
Suzlon Share Price Technicals: Bulls Charge Toward ₹100
The stock’s technical setup turned explosive after it decisively broke through the ₹75 resistance:
- Current trading range: ₹78.20 – ₹81.45 (intraday June 10)
- Immediate resistance: ₹85 (2020 peak)
- Next target: ₹92.50 (Fibonacci extension level)
- Key support: ₹72.30 (20-day moving average)
- RSI: 68.9 (warm but not overheated)
- MACD: Bullish crossover intact with rising histogram
With the stock holding above its breakout level and volume surging 42% above average, chartists suggest the momentum could propel Suzlon toward triple digits before quarterly earnings.
Policy Tailwinds Fuel the Fire
All eyes are now on New Delhi’s upcoming renewable energy policy review, expected to announce:
- Enhanced PLI schemes for wind turbine manufacturers
- New offshore wind targets (30GW by 2030)
- Streamlined land acquisition for wind farms
“Suzlon’s 33% domestic market share positions it perfectly to capitalize on these initiatives,” said Centrum Broking’s energy analyst Rohan Singh. “We’re seeing institutional interest reach levels not seen since 2017.”
What’s Next: Earnings and Global Cues
The stock’s fate hinges on two imminent catalysts:
July 15: Q1 FY26 results (consensus expects 18% YoY revenue growth)
June 14: Global Wind Energy Council’s 2025 market outlook
Should Suzlon maintain its 15%+ EBITDA margins and secure additional international orders, the current rally may just be the beginning. For now, the charts, fundamentals, and sector momentum all point in one direction—up.
