Suzlon Energy share price under pressure for third straight session, sinks to 3-month low

Suzlon Energy shares remained under pressure for the third straight session on Thursday, August 28, sinking another 2% to a three-month low of ₹55.89. The decline has brought the stock’s August fall to 8% so far, and it is on track to record a third consecutive monthly loss, the second such instance since August 2023.

Despite the company’s long-term prospects remaining intact, short-term headwinds are weighing on the stock. These include weaker-than-expected June-quarter numbers, slowdown in execution and the impending departure of Group CFO Himanshu Mody.