Suzlon Energy Shares Dip on Penalty News, FIIs Increase Stake Amidst Decline

CNBC Awaaz•20-02-2026, 10:14

•Suzlon Energy shares fell to 44 rupees after news of a 9.60 crore rupee penalty from the Principal Commissioner of Customs, Chennai, related to alleged short payment of customs duty.
•Despite a 20% decline in the last three months, Foreign Institutional Investors (FIIs) increased their stake from 22.7% to 23.73% by December 2025, indicating buying during the dip.
•The company reported strong Q3 FY26 results with record 617 MW delivery, 4,228 crore rupees revenue (48% YoY increase), and a record 6.4 GW order book.
•Brokerage Systematix maintained a 'Buy' rating with a 67 rupee target, citing secure margins and cost control measures like using aluminum and zinc alloy.
•Future growth is expected from increasing demand for wind and wind-hybrid projects in India, despite challenges in transmission and grid connectivity.

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