Reaffirming its bullish stance, Motilal Oswal said Suzlon remains well‑positioned to benefit from India's accelerating renewable build‑out and a transformation in wind economics.
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Motilal Oswal Report
Motilal Oswal has reiterated its Buy rating on Suzlon Energy Ltd., assigning a target price of Rs 74 and indicating a potential upside of 54%, citing favorable risk–reward dynamics, a strong order pipeline, and structural tailwinds for India's wind sector.
The brokerage noted that Suzlon's stock has corrected nearly 15% in FY26, driven by investor concerns around slow wind installations, rising competition and the growing share of solar + BESS in renewable tenders. However, Motilal Oswal believes current valuations already reflect these risks and sees strong fundamental traction ahead.
Suzlon's order book stands at ~6.5GW, providing full coverage for estimated 1.5GW/3.4GW of WTG deliveries in 2HFY26/FY27, and 38% visibility for FY28 requirements. Upcoming tendering of 23.6GW of incremental wind projects through FY30 positions Suzlon favorably, with the brokerage expecting the company to secure 6GW at a 25% market share.
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