Suzlon Share Price Crashes Over 20% in Six Months: Is This the Dip to Buy?

The Suzlon share price has become a test of patience for investors who bought on the order-book story, because the stock gave back most of its gains even after a strong week that ended on 17 October. A gap-down open on Monday has reopened the question of whether to average down or wait.

This guide covers the live snapshot, why the Suzlon share price has slid, the analyst targets, support and resistance levels, a simple risk-reward check and the risks. It is educational and not a recommendation to buy or sell the share.

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Suzlon Share Price Today: Live Snapshot

Item	Detail at 11:08 AM IST, 19 Oct 2026
Opening price	Rs 41.58, a gap down from the previous close of Rs 42.00
Last traded price	Rs 40.81, down 2.83% on the day
Day range	Low near Rs 40.73; high Rs 41.58 (the open)
Volume	About 2.77 crore shares traded so far
52-week range	Rs 36.31 to Rs 61.50 on the live quote
Suzlon share price distance from the 52-week high	About 33.6% below (my calculation)

Earlier reports quoted 52-week lows of Rs 38.19 and Rs 37.67, while the live quote now shows Rs 36.31, so the stock has made lower lows in recent weeks. The headline says the stock is down more than 20% in six months, and I could not confirm the exact price six months ago, which is why I use the 52-week high as the benchmark.

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Why the Suzlon Share Price Has Slid

Q1 FY27 metric	Reported	Year ago
Revenue from operations	Rs 3,819 crore, up about 22.5%	Rs 3,117 crore
Net profit	Rs 305 crore, down about 6%	Rs 324 crore
EBITDA	Rs 595 crore	Rs 599 crore
EBITDA margin	15.6%	19.2%
Wind turbines delivered	A record 506 MW, up 14%	Not stated
Order book	About 6.1 GW	Not stated

CFO Rahul Jain linked the weaker margin to temporary logistics disruption tied to the geopolitical situation, certain strategic investments and a change in project scope and segment mix. A separate report shows interest cost over six months up about 20% and operating profit to interest cover of 4.45 times, a low, so the Suzlon share price is reacting to profit quality and not to volumes.

The market backdrop has not helped, with surging oil prices, rising bond yields and geopolitical worries pulling the broader market lower. Reports from 8 October showed the stock below its 5, 20, 50, 100 and 200-day moving averages, with MACD negative on weekly and monthly charts.

Analyst Targets Against the Suzlon Share Price

Source	View	Upside from Rs 40.81 (my calculation)
ICICI Securities	Buy, target Rs 65	About 59%
Deven Choksey	Target Rs 64	About 57%
Trendlyne consensus (26 Sep)	Average target about Rs 62.26	About 53%

These target price views were set before the latest fall, so treat each target price as a view on the business and not as a price you can count on. Management sounds confident, with co-founder Girish Tanti pointing to about 85 GW of wind capacity that could be commissioned before 2030.

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Buy the Dip? Levels and a Risk-Reward Check on the Suzlon Share Price

Item	Level	Basis
Support zone	Rs 36.31 to Rs 38.19	Recent lows on the live quote and earlier reports
First resistance	Rs 42 to Rs 43	Previous close and the September range
Illustrative stop loss	Below Rs 36.31	My reading, not an analyst's call
Risk from Rs 40.81	About 11% to Rs 36.31	My calculation
Reward to Rs 62.26 consensus	About 53%, or about 4.8 times the risk	My calculation, if the target is met

I found no analyst stop loss for today, so the levels above are an illustration of how to size a trade and are not advice. A buy on weakness only makes sense if you can accept a drop to the 52-week low, and the Suzlon share price needs to reclaim Rs 42 to Rs 43 to show the trend is turning.

Risk: Margins have not recovered, the stock is below every major moving average and targets may be cut, so the Suzlon share price can fall further before it rises.

What to Watch Next for the Suzlon Share Price

1. The Q2 FY27 results date and whether the EBITDA margin returns toward 19%
2. New wind turbine orders against the 6.1 GW order book
3. Whether the Suzlon share price closes above Rs 42 to Rs 43 on volume
4. Whether Rs 36.31 holds for the Suzlon share price on any further weakness
5. Crude oil, bond yields and flows in the broader market

Conclusion

The Suzlon share price is far below its November high, but growth with weaker margins and a downtrend is not a signal by itself. Wait for the margin and the Rs 42 to Rs 43 resistance, size any position for an 11% drawdown and decide on your own risk comfort.

Frequently Asked Questions

Why is the Suzlon share price falling today?

Ans. The stock opened with a gap down at Rs 41.58 and traded near Rs 40.81, helped by a weak broader market, falling profit in Q1 FY27 and a 15.6% EBITDA margin against 19.2% a year ago.

How far is the Suzlon share price from its 52-week high?

Ans. About 33.6% below the 52-week high of Rs 61.50, by my calculation from the live quote of Rs 40.81.

What is the analyst target price for the Suzlon share price?

Ans. ICICI Securities has a Buy with a target of Rs 65, Deven Choksey has Rs 64 and the Trendlyne consensus was about Rs 62.26 on 26 September.

What were Suzlon's Q1 FY27 results?

Ans. Revenue rose about 22.5% to Rs 3,819 crore, net profit fell about 6% to Rs 305 crore, EBITDA was Rs 595 crore and a record 506 MW of turbines was delivered.

What are the support and resistance levels for the Suzlon share price?

Ans. Support is in the Rs 36.31 to Rs 38.19 zone and first resistance is at Rs 42 to Rs 43, based on recent lows and reports.

What is Suzlon's order book?

Ans. About 6.1 GW at the Q1 FY27 stage, with a new 200 MW order from Ayana Renewable Power in September.

Is it safe to buy the Suzlon share price on the dip?

Ans. No level is safe. The stock trades below its key moving averages and margins are weaker, so any purchase should be sized for a further fall.

Is this article investment advice?

Ans. No. It is educational and not a recommendation to buy or sell.