Suzlon Soars: Brokerage Bets Big Despite Recent Slump

Despite Suzlon Energy's shares plummeting 31% in the last six months, Motilal Oswal remains bullish on the stock. The brokerage initiated coverage with a 'buy' rating and a target price of ₹70, projecting a 21.5% upside. Suzlon's global leadership in wind energy, with 20.9 GW installed capacity across 17 countries, underpins this optimism. India's ambitious target of 100 GW wind capacity by 2030 positions Suzlon for strong growth. The company's vertically integrated structure, including in-house R&D and manufacturing, further strengthens its market position. With NITI Aayog's proposed local sourcing requirements, Suzlon stands to benefit significantly from India's renewable energy push.

 

Source: Economic Times, Business Standard