Suzlon Energy share price extended its losses on Monday, slipping 0.8% to close at ₹62.67. The pressure came ahead of a tense overnight development, as Iran launched missiles at the U.S. Al Udeid air base in Qatar late Monday night. The strike was in retaliation to President Trump’s weekend airstrikes on Iranian nuclear facilities, raising fears of a broader Middle East conflict.
By Tuesday morning, investor mood had clearly shifted. Oil markets had swung wildly overnight, and equities opened on the back foot. Suzlon, which had already been under mild selling pressure, remained a top-traded stock with over 28 million shares exchanged, pointing to a rotation out of high-beta plays.
Suzlon, despite having fundamentals, isn’t immune to global conflict effects. The company generates about 44% of its revenue from outside India and operates across 17 countries. When global tensions rise, investors tend to de-risk, even in structurally bullish sectors like renewables.
Last week, Suzlon won a 170.1 MW project from AMPIN Energy in Andhra Pradesh, marking its third order of that size. With India targeting 50% renewable energy by 2030, and the Make in India push firmly in place, Suzlon remains well positioned for long-term growth.
Suzlon Share Price Prediction
- Support levels: ₹60.35 and ₹57.70
- Upside levels: ₹63.70, ₹66.30, and ₹68.90
Unless the price breaks above ₹63.70 on solid volume, momentum is likely to stay weak. A fall below ₹60.35 could trigger further downside.
Suzlon isn’t crashing, but it’s feeling the weight of global uncertainty. Monday night’s Iran strike has reminded markets just how quickly sentiment can shift. For now, traders are defensive. Investors looking for re-entry should wait for confirmation, not just from charts, but from headlines.