Overview
- Motilal Oswal reiterated a Buy on Suzlon with a Rs 74 target after Manufacturing Day meetings, citing a 6.2 GW order book and 4.5 GW annual capacity.
- JM Financial maintained Buy with a Rs 70 target, and Nuvama upgraded to Buy while cutting its target to Rs 60 following the recent price correction.
- Management detailed plans for three new smart‑blade plants and said current turbine platforms are nearing export‑ready status.
- A US federal court struck down President Trump's ban on federal wind projects, nudging Suzlon shares higher despite the company lacking direct US operations.
- Technical signals point to near‑term weakness with resistance around the 200‑day SMA and support near Rs 50, and the stock is down roughly 19% in 2025.