36% more upside? Suzlon Energy shares climb 7% as FIIs, MFs raise stakes

Shares of Suzlon Energy saw strong buying interest on Wednesday, climbing over 7 per cent in intraday trade to hit a high of Rs 49.34, supported by firm momentum in the broader markets. At around 2:13 pm, the stock was trading near day’s high at Rs 49.15 on the National Stock Exchange.

The stock opened at Rs 47.00 and slipped to an intraday low of Rs 46.73 before witnessing sharp buying traction. Suzlon Energy currently commands a market capitalisation of Rs 67.39K crore, with the stock trading below its 52-week high of Rs 74.30 but well above its 52-week low of Rs 38.19.

Why the stock is rising

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The rally in Suzlon Energy shares comes amid firm broader market sentiment and fresh buying triggered by increased institutional interest. The stock has also seen some recovery after correcting about 10 per cent so far in 2026.

A key trigger for today’s move is a rise in foreign institutional investor (FII) holdings during the March quarter. This is notable as FIIs have largely been sellers in Indian equities in recent months.

FII stake rises in Q4

According to shareholding data available on BSE, FIIs increased their stake in Suzlon Energy to 23.8 per cent at the end of the March quarter, up from 22.8 per cent in the December quarter.

In absolute terms, foreign investors held over 3.27 billion shares at the end of Q4, compared to about 3.25 billion shares in the previous quarter. The increase suggests selective accumulation despite broader outflows from Indian markets.

Mutual funds also add exposure

Domestic institutional investors also showed mild buying interest. Mutual funds marginally raised their stake to 4.87 per cent from 4.82 per cent in the previous quarter.

Collectively, mutual fund holdings stood at over 668 million shares at the end of March, reflecting steady domestic confidence in the renewable energy player.

Q4 results preview: strong growth expected

Brokerage estimates indicate a strong operational performance for the March quarter. According to Systematix, Suzlon Energy’s consolidated revenue is expected to come in at around Rs 52.5 billion, up 38 per cent year-on-year and 24 per cent quarter-on-quarter.

The growth is likely to be driven by execution of around 820 MW of orders during the quarter.

EBITDA is estimated at about Rs 10.6 billion, reflecting a sharp increase of 53 per cent year-on-year and 43 per cent sequentially. Margins are expected to remain healthy at around 20.2 per cent.

Order inflows also remain strong. The company secured 2,522 MW of orders in FY26, including 100 MW in the March quarter. This has taken its total order book to around 6,011 MW, after adjusting for expected deliveries.

Suzlon Energy share price target

Systematix has maintained a ‘buy’ rating on Suzlon Energy, with a target price of Rs 67, compared to the current market price near Rs 49.