Suzlon Energy shares fell as much as 2.58% on July 6. Profit-taking and cautious sentiment ahead of first-quarter results triggered the decline.
Brokerage firm Nuvama downgraded the stock from Buy to Hold. Analysts cited a lack of valuation comfort following the stock's recent rally.
Market experts anticipate weaker-than-expected quarterly results, which increased selling pressure. Fourth-quarter net profit declined despite a significant jump in delivery volumes. These figures sparked concerns regarding ongoing margin compression.