Suzlon Energy shares were trading 0.50 per cent lower at Rs 42.01. Inox Wind shares rose 1.35 per cent to Rs 548.35. Anand Rathi has a target of Rs 49 on Suzlon Energy. It suggested a target price of Rs 590 on Inox Wind.
Suzlon Energy target price: Anand Rathi has a target price of Rs 590 on Inox Wind. Fully integrated in wind energy, Inox Wind is set to benefit from the upturn in the sector, Anand Rathi said.
Suzlon Energy to post a robust financial turnaround, which was evident in its December quarter results. But Suzlon Energy shares might be factoring in most positives.
Shares of Suzlon Energy rose another 5 per cent to Rs 48.31, hitting its 52-week high, at Rs 48.31 on Thursday, with a total market capitalization of more than Rs 65,500 crore.
Suzlon Energy Q3 results: The company's revenue from operations ticked 7.17 per cent higher at Rs 1,552.91 crore in Q3 FY24 as against Rs 1,448.97 crore in the year-ago period.