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.
NSE IPO closes with 5.71x subscription, bids cross Rs 90,000 crore
Investor enthusiasm surged on the final day of the National Stock Exchange’s landmark IPO, with qualified institutional buyers oversubscribing their segment by more than twelve