Suzlon Energy vs Inox Wind vs Adani Green vs Tata Power: Which Stock Stole The Show In April? Outlook Decoded

Amid heightened volatility in the Indian stock market over the past two months, marked by sharp selling in banking, IT, and other key sectors, energy stocks have stood out as clear outperformers. While the broader market witnessed a steep correction in March, stocks such as Suzlon Energy, Inox Wind, Adani Green Energy, and Tata Power not only weathered the downturn but also led the recovery in April. Most of these energy players have surged over 40% in just a month, significantly outperforming broader indices and sectoral peers.

As we conclude April, and prepare to step into May, let's understand how these energy stocks performed in March and their outlook for May.

Suzlon Energy Share Price Performance in May

Suzlon Energy's share price closed 1.89% lower on BSE on Thursday. The energy stock has delivered close to 40% return in one month. The stock touched its 52-week high mark of Rs 74.30 per share on May 30, 2025. The stock dipped to its 52-week low mark of Rs 38.17 per share on March 9, 2026.

Inox Wind Share Price Performance In May

Inox Wind share price ended 1.16% lower at Rs 101 per share on BSE with a market capitalisation of Rs 17,455.20 crore. The stock has delivered close to 34% return in one month. It touched to a 52-week high mark of Rs 198.19 per share on June 2, 2025. The stock dipped to its 52-week low mark of Rs 74.91 per share on March 30, 2026.

Adani Green Share Price Performance in May

Adani Green Energy share price ended 1.24% lower at Rs 1229.95 per share on BSE with aa market capitalisation of Rs 2,02,594.43 crore. The stock touched its 52-week high mark of Rs 1,271.45 per share on April 29, 2026. The stock dipped to its 52-week low mark of Rs 767 per share on January 23, 2026. Adani Green share price value has surged by 52.4% in one month.

Tata Power

Tata Power share price ended 1.51% lower at Rs 445 per share on BSE with a market capitalisation of Rs 1,42,192.61 crore. The stock has delivered 21.39% returns in one month. It touched the 52-week high mark of Rs 464.80 per share on April 28, 2026. The stock dipped to its 52-week low mark of Rs 342.35 per share on January 27, 2026.

Suzlon Energy vs Inox Wind vs Adani Green vs Tata Power: Which Stock Stole The Show In April?

Adani Green Energy stock, with its 52% return, has emerged as the winner among other stocks. Other power stocks like Tata Power, Suzlon, and Inox Wind have delivered 21.4%, 40%, and 34% return respectively in April.

Suzlon Energy vs Inox Wind vs Adani Green vs Tata Power: Outlook Ahead

"India's summer electricity load is already climbing, with peak demand touching nearly 239 GW on April 18, 2026, while policymakers have said solar can help meet peak daytime demand and storage build-out is being accelerated. That backdrop favours companies with ready execution pipelines rather than just long-duration asset plans. On that score, Suzlon and Inox Wind are the clearest near-term beneficiaries because higher fossil-fuel uncertainty typically improves the economics of new wind-solar procurement; Suzlon looks best placed among the four with a record 6.4 GW order book, 617 MW of quarterly deliveries in Q3 FY26 and a net cash position of Rs 1,556 crore," explained Kalp Jain, Research Analyst, INVasset PMS.

"Suzlon looks best placed among the four with a record 6.4 GW order book, 617 MW of quarterly deliveries in Q3 FY26 and a net cash position of Rs 1,556 crore. Inox Wind is also well placed with a roughly 3.2 GW order book, but Suzlon currently has stronger scale and sharper execution visibility. Adani Green is a large structural compounding story, while Tata Power offers a more diversified and lower-volatility route through generation, distribution, rooftop solar and storage," Jain added.