New Delhi, Dec. 18 -- Suzlon Energy, one of the top holdings among retail investors, has gone through a challenging period in 2025 as its shares struggled to maintain a five-year unbroken rally.

This came amid a shift in investor preference toward large-cap stocks from their once-favored mid- and small-cap space, driven by a mismatch between fundamentals and valuations, while company-specific issues also weighed on sentiment, placing the stock among the top laggards.

The shares began the year on a negative note, falling 15% in January and 13% in February, but saw a recovery over the following three months. However, the rebound proved short-lived, pushing the stock back into the pressure zone as it closed five of the next six months lowe...