Anand Rathi has re-initiated coverage on Suzlon Energy with a Buy recommendation and a target price of Rs 81.
Suzlon Energy, holding a significant market share in India's wind turbine market, has seen a positive turnaround backed by financial restructuring, resulting in a net cash position of Rs 8.3 billion.
The company's high order book of 5.6GW, which is 3.6 times the FY25 execution, provides strong assurance for its future performance.