Suzlon Energy Ltd shares continued their downward move for the fifth straight session in Wednesday’s trade. The stock slumped 9.26 per cent to hit a day low of Rs 53.89. At this price, it has cracked 22.25 per cent in five trading days.

A few analysts largely remained ‘negative’ on the counter. “Suzlon, at current levels, is still trading at a premium valuation. All these renewable energy stocks have taken a beating post the re-election of Donald Trump in the United States. There is a negative sentiment around all these renewable energy companies and stocks, especially solar panel firms. Even though Suzlon is into wind but I think there is some more pain which is left in the stock,” Aditya Agarwala, Co-founder, Head of Research &…