Shares of Suzlon Energy slid 3.6% to ₹41 on Sept 24 after a ₹134 cr block trade of 3.2 cr shares, a move that sent the stock to a 22% YTD loss and marked a third consecutive day of decline.
The block trade, involving 3.2 cr shares—roughly 0.23% of the 1.4 b shares outstanding—was executed at an average price of ₹41, underscoring a sharp sell‑off that eclipses the 3.3% dip seen earlier in the session; the buyer and seller remain unnamed.
Despite the slide, 10 of 12 analysts retain a buy rating, with a consensus target implying a 53.5% upside from current levels, though the 2024 high of ₹86.04 remains out of reach and the stock trades below all key moving averages.
With no new guidance from management, the stock’s trajectory will hinge on its upcoming earnings release in November, while investors will monitor whether the block trade signals a broader shift in sentiment for the wind‑energy sector.