Particle.news
Download on the App Store
3 ARTICLES
·
2w ago

MOFSL Initiates Buy on Suzlon, Shares Gain as Brokerages Set Rs 78–80 Targets

Broker optimism reflects ALMM-driven localization tailwinds that highlight Suzlon's domestic R&D edge.

Suzlon share price target: 42% upside! What MOFSL says after meeting CEO

Overview

  • Motilal Oswal set a Rs 80 target with a projected 42% upside as it initiated coverage, while JM Financial reaffirmed Buy with a Rs 78 target.
  • Suzlon shares rose about 2% after the MOFSL call, with the stock trading around Rs 57.6 on the BSE in morning trade.
  • Management guided for sustaining at least a 5 GW backlog and aims to lift EPC exposure from roughly 22% today to about 50% by FY28 to improve execution control.
  • The new ALMM regime for wind turbine generators is expected to push deeper localization, a shift analysts say favors Suzlon given its end-to-end R&D and testing in India.
  • CEO J.P. Chalasani reiterated his long-term commitment and said a CFO appointment is in advanced stages, as the company targets export orders by end-FY26 with supplies starting in H2 FY27 focused on the Middle East and Europe.