Suzlon Energy shares fell 4.76% on January 28, ahead of the companys Q3 FY25 results announcement. Despite a strong Q2 performance with a 96% YoY profit increase, the stock has struggled recently, down 24.10% in the past month and 26.54% YTD. Analyst sentiment remains positive, with a consensus buy rating on the stock.
Seth R Freeman from GlassRatner Advisory & Capital Group notes the market's reaction to Trump's tariff threats and concerns about AI advancements. There is uncertainty about immediate tariffs, particularly with Colombia, raising worries in the commodities market. Freeman highlights the potential impact on tech workers and data centers due to AI developments like DeepSeek.
Most risks are known to the market. But then eventually the market kind of reacts. So, it is very normal and what has happened to the Indian markets is that we just had overvaluation of the market. Now, because there was a slowdown and because of this, that there is a reset of expectations as to what corporate earnings growth will be, that you are seeing this kind of a fall.
Shares of Anant Raj dropped significantly by up to 19.75% due to a global sell-off in technology stocks. The slump followed the launch of a low-cost Chinese AI model by DeepSeek, which has quickly gained popularity, overshadowing competitors like ChatGPT and contributing to market declines.
