Shares of Suzlon Energy surged 10% to Rs 17, extending its winning streak for the sixth consecutive session. In the past six sessions, the stock has gained 24%, and it has risen 47% in the last month and over 175% in the past year. ICICI Securities expects Suzlon Energy to benefit from favorable industry factors and anticipates a significant increase in earnings from FY24 onward. The brokerage firm has initiated a buy rating on the stock with a target price of Rs 22, reflecting a 32% upside potential.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20