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Suzlon Energy Gets Anand Rathi's 'Buy' Rating As It Re-Initiates Coverage

Given strong tailwinds, Anand Rathi re-initiates coverage on Suzlon Energy with a Buy recommendation and a target price of Rs 81.

<div class="paragraphs"><p>Leading India’s wind turbine market, Suzlon has a commanding near 30% market share.&nbsp;(Photo Source: Company website)</p></div>
Leading India’s wind turbine market, Suzlon has a commanding near 30% market share. (Photo Source: Company website)
Backed by financial restructuring, resulting in a net cash position of Rs 8.3 billion, market leader Suzlon (15.1GW installed domestic wind capacity), has strongly turned around. Its record-high 5.6GW order book—3.6x FY25 execution— ensures robust assurance.
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