Suzlon Energy share price drops to 21-month low, down nearly 50% from peak. Is more correction ahead?
The sell-off in Suzlon Energy share price has further deepened in today’s session, February 20, with the stock falling another 1.6% to the day’s low of ₹44.55 apiece. The stock was last seen around these levels in May2024, indicating cautious investor sentiment toward the counter, which witnessed an unbroken rally between 2020 and 2024.
The stock, which is largely owned by retail shareholders, began its downward run in September, which later turned into a prolonged correction, resulting in it losing nearly 50% of its value from the recent peak of ₹86 apiece.
