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Stealth • 1m
'Buy Suzlon', says Morgan Stanley after stock corrects sharply from peak Brokerage firm Morgan Stanley has upgraded shares of wind energy solutions provider Suzlon Energy Ltd. to "overweight" from its earlier rating of "equalweight" on Tuesday, November 19. Morgan Stanley has retained its price target on Suzlon at ₹71, which implies a potential upside of 20% from Monday's closing levels. The brokerage wrote in its note that the steep correction seen in shares of Suzlon is an opportunity for shareholders to accumulate the stock. As of the November 13 low, shares of Suzlon had corrected 38% from their recent peak of ₹86.04. The 9% drop seen in the stock price on Wednesday led to Suzlon's price band being revised back to 5% from 10% earlier. Morgan Stanley believes that Suzlon has a strong business moat and that, coupled with the growth opportunity for wind Original Equipment Manufacturers (OEMs) are strong factors behind its bullish st ...... click below 👇 the link to know more
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