Suzlon Energy Faces Potential Trend Reversal Amid Broader Sector Challenges

Suzlon Energy, a prominent player in the renewable energy sector, experienced a decline of 3.5% on March 10, 2025. This drop comes after a four-day streak of gains, indicating a potential trend reversal. The stock reached an intraday high of Rs 56.78, reflecting a 3.39% increase at its peak, but ultimately fell to a low of Rs 53.01, marking a decrease of 3.48%.
In terms of moving averages, Suzlon Energy's stock is currently above its 5-day and 20-day moving averages but remains below the 50-day, 100-day, and 200-day moving averages. This positioning suggests mixed signals regarding its short-term performance.

The broader renewable energy sector also faced challenges, declining by 2.28%. Meanwhile, the Sensex, which opened positively, turned bearish, dropping 343.30 points to trade at 74,131.68, down 0.27%.

Over the past week, Suzlon Energy has outperformed the Sensex, gaining 6.62% compared to the index's 1.44%. However, its three-month performance shows a significant decline of 20.34%, contrasting with a modest 31.03% increase over the past year.