Motilal Oswal has issued a “Buy” call on Suzlon Energy with its highest-ever target price of Rs 82, implying a 24% upside. The brokerage cites benefits from upcoming local content mandates, a strong order book, and improved execution through land acquisition and EPC expansion. The RLMM policy, mandating local sourcing, is expected to be formally adopted in Q2FY26.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.