SUZLON ENERGY Share Price Today Down 4%

Mon Nov 11 05:47:10 UTC 2024: ## SUZLON ENERGY Plunges 4% Amidst Wider Oil & Gas Sector Weakness

**Mumbai, India** – SUZLON ENERGY share price took a significant dip today, falling 4% to Rs 64.0. This decline comes amidst broader weakness in the BSE OIL & GAS index, which is down 2.3% at 27,264.9.

Petronet LNG and GUJARAT GAS are among the top losers in the index, down 5.1% and 3.6% respectively. Conversely, Indraprastha Gas is a notable gainer, rising 0.6%.

Despite today’s downturn, SUZLON ENERGY has seen a strong year-on-year performance, increasing from Rs 36.2 to Rs 64.0, a gain of 77%. Similarly, the BSE OIL & GAS index has climbed 43.8% over the past 12 months, with HPCL, BPCL and GAIL leading the gains with respective increases of 119.5%, 67.9% and 65.9%.

The overall market also saw negative movement today, with the BSE Sensex down 0.2% at 79,350.7. Asian Paints and ICICI Bank were the biggest losers, falling 2.7% and 1.9% respectively. Tata Steel and Tata Motors were the most actively traded stocks in the index.

NSE Nifty followed suit, dipping 0.3% to 24,119.5. Asian Paints and Coal India were among the top losers.

SUZLON ENERGY reported strong financial results for the quarter ended September 2024. Net profit grew 96.1% year-on-year to Rs 2,006 million, while net sales surged 48% to Rs 21,034 million. However, for the year ended March 2024, the company saw a 77.1% decrease in net profit compared to the previous fiscal year.

Equitymaster, a leading source for investment research in India since 1996, invites readers to share their views on the recent SUZLON ENERGY decline and the broader Oil & Gas sector performance.

**Disclaimer:** This news article is based on information provided by Equitymaster and should not be considered financial advice. Investment decisions should be made with due diligence and consultation with a qualified financial advisor.