Suzlon Energy shares slump 5%, down 15% in last one month; Here's why

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The stock experienced a 5 percent drop, reaching its lower price band of 40.53, on Tuesday's trading session..

This decline was propelled by reports indicating that the Ministry of New and Renewable Energy (MNRE) is considering reintroducing "reverse auctions" for the auctioning of wind power capacity to energy firms..

In the last five trading sessions, Suzlon Energy stock declined over 7.39 percent and in last one month, it slumped around 15 percent..

NTPC, NHPC, and SJVN serve as Renewable Energy Implementing Agencies for developers such as Suzlon and Inox Wind, in addition to collaborating with state agencies..

Analysts in the financial sector are expressing concerns regarding the recent directives from the Ministry of New and Renewable Energy (MNRE), suggesting that they pose a negative outlook for both equipment suppliers and developers in the renewable energy sector..

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