HighPositive
Announced Tue, 16 Jun · 11:10 IST

Suzlon Energy shares jump over 6%. Why brokerages call it India’s most investible wind energy stock?

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Suzlon Energy shares surged over 6% after multiple brokerages issued bullish calls following the company's investor meet, where it unveiled an ambitious FY31 roadmap targeting 25%+ revenue CAGR and expansion of its wind market share to over 40% from ~33% currently. Motilal Oswal and JM Financial reiterated Buy with a Rs 65 target price, while Systematix and Centrum set targets at Rs 71 and Rs 75 respectively, implying up to 36% upside. The company's Q4 results showed revenue rising 45% YoY to Rs 5,468 crore, though net profit declined 6% YoY to Rs 1,114 crore.