Suzlon Energy fell 1.72% to Rs 28.65 at 11:26 IST on BSE after a foreign brokerage downgraded the stock to "hold" from "overweight".
Meanwhile, the BSE Sensex was down 76.28 points, or 0.26%, to 28,808.93.
On BSE, so far 46.09 lakh shares were traded in the counter, compared with an average volume of 1.68 crore shares in the past one quarter.
The stock hit a high of Rs 29.30 and a low of Rs 28.55 so far during the day. The stock hit a 52-week high of Rs 36.80 on 12 June 2014. The stock hit a 52-week low of Rs 10.89 on 22 October 2014.
The stock had outperformed the market over the past one month till 9 April 2015, rising 7.96% compared with 0.14% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 97.36% as against Sensex's 5.20% rise.
The large-cap company has an equity capital of Rs 801.54 crore. Face value per share is Rs 2.
The brokerage said potential large foreign currency bonds conversion, 35% of financial year ended March 2015 (FY 2015) equity, will likely restrict near-term stock price upside.
Suzlon Energy reported consolidated net loss of Rs 6538.68 crore in Q3 December 2014 compared with consolidated net loss of Rs 1075.25 crore in Q3 December 2013. The total income fell 2.2% to Rs 4986.56 crore in Q3 December 2014 over Q3 December 2013.
The Suzlon Group is ranked as the world's fifth largest wind turbine manufacturer, in terms of annual installed capacity and market share in 2013.
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