−37% from the high · +1.9% from the low
Long unwinding into a 26-day expiry: futures OI −0.8% on a −1.5% day, the most call OI sits at 45, the most put OI at 40, max pain 41.
SUZLON futures closed at ₹39.12, +0.5% to spot, with 90% of open interest in the 27 Oct contract, and the 39 straddle prices a move of about ±8.1% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹39.12 | +0.21+0.5% | +7.6% | 32,000▼ −1.1% · −340 lots | 90 | 2,500 |
| 23 Nov53 days | ₹39.37 | +0.46+1.2% | +8.1% | 3,600▲ +0.7% · +23 lots | 10 | 240 |
| 29 Dec89 days | ₹39.61 | +0.70+1.8% | +7.4% | 81▲ +161.3% · +50 lots | 0.23 | 180 |
10% of futures OI sits beyond the 27 Oct contract · 40 of 45 listed contracts traded · 12,000 option contracts changed hands
The 39 straddle closed at ₹3.16 (call 1.65 + put 1.51), pricing a move of about ±8.1% by the 27 Oct expiry. In the last 253 windows of 19 sessions, SUZLON moved more than that 114 times.
After the last 8 bulletins, SUZLON closed higher five sessions later in 2 of 8.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 29 JulSuzlon Energy price target cut, management expects stronger H2 | ▼ −0.1%Nifty +0.3% · −0.4 pp | ▲ +1.2%Nifty +0.6% · +0.6 pp | ▲ +1.4%Nifty +1.6% · −0.2 pp | ▲ +0.2%short build-up |
| 28 JulSuzlon Energy Q1 profit down 6% despite 22% revenue growth | ▼ −1.2%Nifty +1.1% · −2.3 pp | ▼ −1.3%Nifty +1.4% · −2.7 pp | ▲ +0.3%Nifty +2.7% · −2.4 pp | ▲ +5.2%short build-up |
| 23 JulSuzlon hits day high after 201.6 MW Waaree order win | ▼ −0.2%Nifty −0.4% · +0.2 pp | ▲ +1.4%Nifty +0.5% · +0.9 pp | ▼ −8.4%Nifty +2.1% · −10.5 pp | ▼ −0.6%long unwinding |
| 12 JulSuzlon Energy and Inox Wind Q1 results preview and targets | ▼ −1.4%Nifty 0.0% · −1.4 pp | ▼ −2.7%Nifty −0.6% · −2.0 pp | ▼ −1.5%Nifty +0.1% · −1.7 pp | ▲ +1.5%short build-up |
| 6 JulCentrum Broking previews Q1 results for renewable energy firms | ▼ −2.0%Nifty −0.1% · −1.8 pp | ▼ −4.2%Nifty −2.2% · −2.0 pp | ▼ −5.4%Nifty −1.6% · −3.9 pp | ▲ +0.2%short build-up |
| 30 JunSuzlon Energy gains 2% on 105 MW wind order win | ▼ −0.9%Nifty +0.6% · −1.5 pp | ▼ −2.1%Nifty +1.3% · −3.4 pp | ▼ −9.8%Nifty +0.1% · −9.9 pp | ▲ +1.3%short build-up |
| 25 JunSuzlon secures 400 MW wind EPC order from Tata Power | ▲ +0.1%Nifty −0.5% · +0.6 pp | ▲ +3.1%Nifty −0.8% · +3.9 pp | ▼ −2.9%Nifty +1.6% · −4.5 pp | ▼ −3.0%short covering |
| 1 MaySuzlon Energy secures NCLT approval for reserve reorganisation | ▼ −1.1%Nifty +0.5% · −1.6 pp | ▼ −1.3%Nifty +0.1% · −1.5 pp | ▼ −4.1%Nifty −0.8% · −3.3 pp | ▲ +3.3%short build-up |
Revenue ₹3,829 cr, +22% on a year earlier; profit ₹305 cr, −5.9% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 28 Jul | ₹3,829 cr | ▲ +22% | ₹305 cr | ▼ −5.9% | 0.22 | ▼ −9.7%Nifty 0.0% · −9.6 pp |
| Mar 2026filed 25 May | ₹5,493 cr | ▲ +45% | ₹1,114 cr | ▼ −5.6% | 0.81 | ▲ +1.1%Nifty −0.5% · +1.6 pp |
| Dec 2025filed 5 Feb | ₹4,236 cr | ▲ +42% | ₹445 cr | ▲ +15% | 0.32 | ▲ +0.4%Nifty +0.2% · +0.2 pp |
| Sept 2025filed 4 Nov | ₹3,871 cr | ▲ +84% | ₹1,279 cr | ▲ +540% | 0.93 | ▼ −0.6%Nifty −0.3% · −0.3 pp |
| Jun 2025filed 12 Aug | ₹3,132 cr | ▲ +55% | ₹324 cr | ▲ +7.3% | 0.24 | ▼ −4.4%Nifty +0.5% · −4.9 pp |
| Mar 2025filed 29 May · audited | ₹3,790 cr | ▲ +73% | ₹1,181 cr | ▲ +360% | 0.86 | ▲ +9.3%Nifty −0.3% · +9.6 pp |
| Dec 2024filed 28 Jan | ₹2,975 cr | ▲ +91% | ₹388 cr | ▲ +91% | 0.28 | ▲ +5.0%Nifty +0.9% · +4.1 pp |
| Sept 2024filed 28 Oct | ₹2,103 cr | ▲ +48% | ₹201 cr | ▲ +96% | 0.15 | ▼ −2.8%Nifty +0.5% · −3.3 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹16,732 cr | ▲ +54% | ₹3,163 cr | ▲ +53% | 2.30 |
| FY25to Mar 2025 | ₹10,890 cr | ▲ +67% | ₹2,072 cr | ▲ +210% | 1.51 |
| FY24to Mar 2024 | ₹6,529 cr | — | ₹660 cr | — | 0.50 |
SUZLON trades at 17 times trailing earnings against 58 for its industry, 5.7 times book value, revenue +45% over twelve months, market cap ₹53,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| BHELBharat Heavy Electricals Limited | 1,50,000 cron 1 Oct | 60consolidated | 5.6 | ₹421.00 |
| ABBABB India Limited | 1,50,000 cron 1 Oct | 49consolidated | 16 | ₹6,900.00 |
| POWERINDIAHitachi Energy India Limited | 1,40,000 cron 1 Oct | 120standalone | 27 | ₹31,290.00 |
| CGPOWERCG Power and Industrial Solutions Limited | 1,40,000 cron 1 Oct | 58consolidated | 17 | ₹879.00 |
| SIEMENSSiemens Limited | 1,40,000 cron 1 Oct | — | 9.8 | ₹3,804.00 |
| ENRINSiemens Energy India Limited | 1,20,000 cron 1 Oct | — | 25 | ₹3,334.00 |
| GVT&DGE Vernova T&D India Limited | 1,10,000 cron 1 Oct | 83standalone | 40 | ₹4,253.20 |
| SUZLONSuzlon Energy Limited | 53,000 cron 1 Oct | 17consolidated | 5.7 | ₹38.90 |
| THERMAXThermax Limited | 40,000 cron 1 Oct | — | 7.2 | ₹3,360.60 |
| SCHNEIDERSchneider Electric Infrastructure Limited | 30,000 cron 1 Oct | — | 39 | ₹1,275.40 |
| TDPOWERSYSTD Power Systems Limited | 25,000 cron 1 Oct | — | 23 | ₹792.15 |
| AZADAzad Engineering Limited | 18,000 cron 1 Oct | — | 12 | ₹2,860.90 |
| TRITURBINETriveni Turbine Limited | 17,000 cron 1 Oct | — | 12 | ₹530.00 |
| KARAMTARAKaramtara Engineering Limited | 13,000 cron 1 Oct | — | — | ₹410.95 |
| ATLANTAELEAtlanta Electricals Limited | 13,000 cron 1 Oct | — | 14 | ₹1,716.50 |
| QPOWERQuality Power Electrical Equipments Limited | 12,000 cron 1 Oct | — | 16 | ₹1,564.60 |
| INOXWINDInox Wind Limited | 12,000 cron 1 Oct | 29consolidated | 1.5 | ₹68.75 |
| VOLTAMPVoltamp Transformers Limited | 11,000 cron 1 Oct | — | 5.9 | ₹10,426.00 |
| ELECONElecon Engineering Company Limited | 9,900 cron 1 Oct | — | 4.3 | ₹440.00 |
| TARILTransformers And Rectifiers (India) Limited | 8,400 cron 1 Oct | — | 5.5 | ₹280.80 |
| POWERICAPowerica Limited | 7,500 cron 1 Oct | — | 3.7 | ₹589.15 |
| KANOHARKanohar Electricals Limited | 7,200 cron 1 Oct | — | — | ₹906.35 |
| TRANSRAILLTransrail Lighting Limited | 6,400 cron 1 Oct | — | 2.8 | ₹474.90 |
| SKIPPERSkipper Limited | 6,100 cron 1 Oct | — | 4.1 | ₹541.20 |
| SHILCTECHShilchar Technologies Limited | 4,600 cron 1 Oct | — | 9.4 | ₹4,033.00 |
| GVPILGE Power India Limited | 4,600 cron 1 Oct | — | 7.8 | ₹679.50 |
| INDOTECHIndo Tech Transformers Limited | 3,600 cron 1 Oct | — | 9.5 | ₹3,347.60 |
| BBLBharat Bijlee Limited | 2,300 cron 1 Oct | — | 1.1 | ₹2,069.60 |
| EXICOMExicom Tele-Systems Limited | 2,100 cron 1 Oct | — | 3.2 | ₹151.10 |
| MARSONSMarsons Limited | 2,000 cron 1 Oct | — | 9.0 | ₹114.25 |
| BAJELBajel Projects Limited | 1,900 cron 1 Oct | — | 2.5 | ₹163.65 |
| JYOTISTRUCJyoti Structures Limited | 1,100 cron 1 Oct | — | 2.2 | ₹8.90 |
| SWELECTESSwelect Energy Systems Limited | 900 cron 1 Oct | — | 0.94 | ₹592.90 |
| WAAREEINDOIndosolar Limited | 850 cron 1 Oct | — | 3.0 | ₹203.40 |
| SURANASOLSurana Solar Limited | 120 cron 1 Oct | — | 2.1 | ₹24.15 |
| TARAPURTarapur Transformers Limited | 24 cron 1 Oct | — | — | ₹12.20 |
| AARTECHAartech Solonics Limited | — | — | — | — |
| NEUEONNeueon Corporation Limited | — | — | — | — |
Promoters hold 11.7%, foreign portfolio investors 23.3%, mutual funds 6.5% and insurance companies 2.2%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 11.71▼ −0.02 pp | 11.730.00 pp | 11.730.00 pp | 11.73▼ −0.01 pp | 11.74 |
| Foreign portfolio investors | 23.26▲ +0.30 pp | 22.96▲ +0.12 pp | 22.84▲ +1.03 pp | 21.81▼ −0.32 pp | 22.13 |
| Mutual funds | 6.47▲ +1.60 pp | 4.87▲ +0.05 pp | 4.82▼ −0.09 pp | 4.91▼ −0.33 pp | 5.24 |
| Insurance companies | 2.17▲ +0.39 pp | 1.78▼ −0.21 pp | 1.99▼ −0.66 pp | 2.65▲ +0.23 pp | 2.42 |
| Banks and financial institutions | 2.48▼ −0.05 pp | 2.53▲ +0.11 pp | 2.42▼ −0.16 pp | 2.58▲ +0.07 pp | 2.51 |
| Individual investors | 40.40▼ −0.21 pp | 40.61▲ +0.05 pp | 40.56▼ −0.11 pp | 40.67▲ +0.52 pp | 40.15 |
| Bodies corporate | 9.74▼ −2.01 pp | 11.75▼ −0.09 pp | 11.84▲ +0.02 pp | 11.82▼ −0.15 pp | 11.97 |
| Other foreign holders | 2.750.00 pp | 2.750.00 pp | 2.750.00 pp | 2.75▼ −0.01 pp | 2.76 |
| Others | 1.020.00 pp | 1.02▼ −0.03 pp | 1.05▼ −0.03 pp | 1.080.00 pp | 1.08 |
Nothing upcoming on record; the last was a Annual General Meeting, ex-date 3 Sept 2024.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 3 Sept 2024 | otherAnnual General Meeting | — | — | NSE |
SUZLON is −14.4% over 20 sessions against Nifty's −6.2%, 37% below its 52-week high, realised volatility 24% annualised.
| Window | From ₹ | SUZLON % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹55.28 | ▼ −30% | ▼ −9.1% | −21 |
| 120 sessionssince 9 Apr | ₹44.23 | ▼ −12% | ▼ −5.7% | −6.3 |
| 60 sessionssince 8 Jul | ₹53.13 | ▼ −27% | ▼ −6.1% | −21 |
| 20 sessionssince 2 Sept | ₹45.46 | ▼ −14% | ▼ −6.2% | −8.2 |
| 5 sessionssince 24 Sept | ₹40.74 | ▼ −4.5% | ▼ −2.8% | −1.7 |
| 1 sessionsince 30 Sept | ₹39.49 | ▼ −1.5% | ▼ −0.88% | −0.59 |
OI Charts is not a SEBI-registered investment adviser or research analyst. Prices, open interest, filings and the desk read are exchange data and arithmetic on it, not a basis for any investment decision.