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Suzlon Energy shares poised for a massive surge, Motilal Oswal sets target price at Rs 65
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News18•13-10-2026, 18:32
Suzlon Energy shares poised for a massive surge, Motilal Oswal sets target price at Rs 65
- •Suzlon Energy stock has seen a sharp decline of 31 percent in three months, currently trading around the Rs 40 level.
- •Brokerage firm Motilal Oswal has maintained a Buy rating on Suzlon with a target price of Rs 65.
- •The company boasts a robust order book of 5.9 gigawatts, providing clear visibility of future revenue.
- •Growth is expected to be driven by the new DevCo model, export opportunities, and the repowering of old wind turbines.
Key Questions Answered
Motilal Oswal has maintained a 'Buy' rating on Suzlon Energy shares and issued a target price of Rs 65, predicting that the stock could surge by up to 73 percent from its current level.
The main growth drivers include a robust order book of 5.9 gigawatts providing strong revenue visibility, the new DevCo model, international export opportunities, and the repowering of older wind turbines.
A recent 31 percent decline over three months brought the stock's valuation down to 17.5 times its expected earnings per share for the financial year 2028, which is lower than its historical average of 22 times.
