New Delhi, Oct. 9 -- Suzlon Energy, one of the most widely held stocks among retail investors, has had a challenging ride in 2026, hitting multi-year lows as the Street grew concerned about the company's execution, despite its solid order book.

The stock has remained on a downward trajectory, closing each of the past three months in the red, with selling pressure intensifying further in October and taking its cumulative losses to 36%. Persistent selling has widened its year-to-date losses to 29%, putting the stock on track for its steepest annual decline since 2019, when it plunged 66%.

While part of the decline can be attributed to the broader market sell-off, a key concern among investors is whether the company can convert its strong ...