After a remarkable 1,300% surge, Suzlon Energy’s shares are consolidating, signaling a potential shift in momentum despite a 980% return. Supported by financial restructuring, a strong order book, and a positive energy outlook, the company’s turnaround story is fueled by technical indicators and robust earnings. Brokerages initiate ‘Buy’ ratings, anticipating further growth in India’s renewable energy sector.
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.