Overview
- Motilal Oswal reaffirmed a Buy on December 8 with a Rs 74 target based on a 30x FY2028 P/E after attending Suzlon’s Manufacturing Day briefings.
- Suzlon shares rose about 2–2.5% intraday on December 8 to roughly Rs 53 and traded near Rs 51 on December 9 as Nuvama upgraded to Buy with a trimmed Rs 60 target.
- The company disclosed 4.5 GW annual manufacturing capacity, about 6.2 GW of confirmed orders, and plans for three smart-blade plants in Gujarat, Karnataka, and a third site to be finalised.
- Management said a slowdown in central auctions should not materially impact near-term inflows, citing roughly 15 GW in the bidding or award pipeline and projecting about 10 GW annual wind installations by FY2028 toward a 100 GW national goal by 2030.
- Brokerages including Morgan Stanley, Geojit, and ICICI flagged medium-term upside, while technical analysts at Arihant Capital and Anand Rathi warned of near-term weakness with resistance at the 200-day SMA and potential tests of Rs 45–47 and Rs 43–38.