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.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires