Suzlon Energy’s shares have dropped 31% in the last 6 months, underperforming the Nifty 50 index. However, Motilal Oswal remains bullish, initiating coverage with a ‘buy’ rating and a target price of Rs 70, indicating a 21.5% upside. Suzlon leads global wind energy with 20.9 GW capacity across 17 countries, including 15 GW in India.
Negative Breakout: These 7 stocks cross below their 200 DMAs
In the Nifty500 pack, seven stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on March 4, according to stockedge.com’s technical scan data.