Sushilan's stock price falls below 40 rupees, hitting a two-year low, with a major leadership overhaul

CoinNetwork · 2026-03-04T15:24:06+00:00

Sursilan Energy stock price fell to 39.70 rupees amid leadership restructuring, with market concerns that the appointment of the new CEO may not resolve operational issues. Despite increased selling pressure, some brokerages maintain a "Buy" rating with a target price of 60 rupees.

CoinNetwork

2026-03-04 15:24:06

Abstract generation in progress

This week, Suzlon Energy’s stock price fell below 40 rupees, dropping to 39.70 rupees on Wednesday, due to selling pressure triggered by leadership restructuring. The company appointed Ajay Kapur as Group CEO, while former CEO JP Chalasani joined the new Executive Committee, aiming to transform into a comprehensive renewable energy provider. Although management expressed confidence in the new structure, broker JM Financial warned that this move could lead to unfavorable outcomes and may not address operational shortcomings. Despite the sell-off, several brokerages including Motilal Oswal, Nuvama, and JM Financial maintained a “Buy” rating, with Motilal Oswal setting a target price of 60 rupees.

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