Tue Apr 15 04:10:00 UTC 2025: ## Suzlon Energy Stock Plunges Amid Market Chaos and Fine on Subsidiary

**Mumbai, April 7, 2025** – Suzlon Energy’s stock price experienced a significant drop today, mirroring a broader market downturn and the impact of a fine levied against its subsidiary. The company’s shares closed at ₹52.52, a 5.13% decline. This follows a 7 March low of ₹52.13 and an intraday plunge to ₹46 (a 17% drop) earlier today. This marks the second consecutive day of losses, with a 4% drop on April 4th. The overall market capitalization of Suzlon Energy has fallen to ₹71.17 crore, and the stock is down 20% year-to-date.

The decline is attributed partly to a ₹7.47 lakh fine imposed on Suzlon Global Services Limited (SGSL), a subsidiary of Suzlon Energy, for alleged non-payment of customs duty on casting parts imported from China. The case dates back to an order from August 30, 2017. SGSL has stated it will appeal the decision.

Despite the negative news, Motilal Oswal, a brokerage firm, recently initiated coverage on Suzlon Energy, labeling it a bellwether for India’s wind energy sector. They have issued a ‘BUY’ rating with a target price of ₹70, forecasting wind energy’s share of India’s renewable energy mix to reach 20% in the future.

**Disclaimer:** Investing in the stock market involves risk. Share prices, mutual funds, and other financial instruments are subject to market fluctuations and economic conditions. Capital loss is possible. This information is for general awareness only and should not be considered investment advice.

Read More