News Topical, Digital Desk : Suzlon Energy shares appear to be gaining momentum again. On February 16th, the stock opened at ₹45.67 and surpassed ₹46. The biggest driver of this surge is strong buying by foreign institutional investors (FIIs). FIIs' stake increased from 22.7% in September 2025 to 23.73% in December 2025, the highest in a year. The public's stake also reached a record 39%.
Why did FIIs suddenly buy so much?
Latest exchange data shows that FIIs have purchased millions of Suzlon shares during the downturn. Their stake increased from 22.7% in September 2025 to 23.73% by December 2025.
This is the highest share in the past year. Experts say that when the stock fell nearly 36% from its May 2025 high of ₹74.30, large investors considered it a "value buy." The implication is clear: FIIs saw the decline as an opportunity to buy.
The general public also showed interest
. Not only FIIs, but general investors also bought heavily in this stock. Public stake has increased to 39%—the highest in a year. The promoters' stake remains stable at 11.73%. The unchanged promoter stake is also seen as a sign of stability.
What happened to the stock on February 16?
Suzlon's stock opened at ₹45.67 on February 16 and crossed ₹46 during the day. Although the stock experienced fluctuations between February 10–16, FII buying and strong results supported sentiment.
Strong Q3 FY26 results
On February 11, the company announced its Q3 FY26 results, which were quite strong.
Key figures: - Record 617 MW deliveries (highest quarterly deliveries ever)
- Revenue ₹4,228 crore (+48% YoY)
- 9-month revenue ₹11,211 crore (+58%)
- EBITDA ₹2,058 crore (+77%)
- PAT i.e. profit ₹2,049 crore
- Order book 6.4 GW (highest ever) -
60% growth guidance for FY26 maintained
- These figures indicate that the company's execution momentum is strong.
What are the brokerage views? Systematix has maintained a 'Buy' rating on the stock and given a target of ₹67 after meeting Suzlon management at its recent conference 'Manthan'.
Key points from the brokerage: - A slight delay in the NTPC tender, but supplies are expected to commence from H2FY27 - PSUs account for 13% of the total order book - 90% pass-through of steel costs, which protects margins - Preparations to use aluminum/zinc alloys instead of copper - Wind capacity addition in India is expected to increase from 6GW to 10GW
What are the major triggers ahead? Demand for wind and wind-hybrid projects is increasing in India. DCR regulations may increase the cost of solar projects, which could lead to a shift in developers to wind. A record order book of 6.4GW gives the company strong visibility. However, transmission and grid connectivity remain major challenges. For those holding Suzlon shares, you should now understand that the strong order book and FII buying are positive signs. The brokerage's target of ₹67 raises expectations. But the stock has already fallen 36%, so volatility may continue Long-term investors can stay put, but keep an eye on it Strategy for those looking to buy Buy gradually on dips Don't invest all the money at once Keep a 6–12 month horizon Keep an eye on NTPC tenders and execution updates Suzlon is currently seen in the “High Growth, Medium Risk” category.
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