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.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.