India, June 4 -- A renewable energy stock that once became one of India's biggest wealth creators has again become a major talking point among investors. After falling sharply from its historic highs, going through years of debt stress, and then staging a strong recovery, the big question now is whether the stock can ever return to the Rs. 400 plus zone again.

Suzlon Energy is currently trading around Rs. 53, nearly 38 to 40 percent below its September 2024 highs. The stock last touched the Rs. 400 levels in January 2008, before the global financial crisis, debt-funded expansion, foreign exchange losses, weak overseas acquisitions, equity dilution, and multiple restructuring cycles changed the company's story completely.

The Long Journe...