Motilal Oswal recommends buying Suzlon Energy shares with a potential upside of 24% based on a target price of Rs 82 by applying a target P/E of 35x to FY27E earnings per share.
Suzlon Energy is expected to benefit from regulatory tailwinds mandating local content, a robust order book providing strong revenue visibility, and execution improvements through proactive land acquisition and EPC expansion initiatives.
The new order outlook for Suzlon Energy remains healthy, with NTPC bid awards likely in the next six months, according to Motilal Oswal.