JM Financial has cut Suzlon Energy’s target price to Rs 71 from Rs 80, citing execution challenges and a lower valuation multiple. Despite this, the firm sees a 29% upside. Suzlon is expanding manufacturing capacity to 4.5GW but faces hurdles like land availability and project execution risks.
Global risks loom, but India stands tall amidst Asia’s volatile recovery: Geoff Dennis
India, of course, we hope they get a trade deal with the US, whatever that means, but India is less vulnerable to pressure on the