Suzlon Energy shares fell more than 1% on Friday. The stock has plunged nearly 30% over the past three months and is trading near its 52-week low.
Shares are below all key simple moving averages. The Relative Strength Index (RSI) indicates the stock is oversold.
Suzlon Group Vice Chairman Girish Tanti highlighted the significant untapped opportunity in wind repowering in India and Europe. He said India must accelerate expansion of its power transmission network to meet its 2030 renewable energy targets, identifying grid readiness as a key constraint on the sector’s development.