Suzlon Share Price | Multibagger Suzlon share will again give fast returns, stock becomes 38% cheaper – NSE: SUZLON
Suzlon Share Price | Multibagger Suzlon Energy Ltd shares are back on the rise (NSE: SUZLON)The stock has gained 10.12% in the last five days. , The stock has hit the upper circuit in the last three trading sessions. Now Morgan Stanley brokerage firm has indicated a rally. According to the report of Morgan Stanley brokerage firm, Suzlon's shares are going to rise. The brokerage firm has also upgraded the rating of the stock. (Suzlon Energy Limited Company Excerpt)
Morgan Stanley Brokerage Firm – Suzlon Share Target Price
In September, the share of Suzlon Energy Limited had reached Rs 86. Since then, Suzlon shares fell 38 percent and were trading at Rs 54. However, Suzlon stock has been continuously hitting the upper circuit in the last three days. Morgan Stanley brokerage firm has given overweight rating to Suzlon's stock. A target price of Rs 71 has also been given in it. On Thursday (21 November 2024), the stock was trading 4.99% higher at Rs 65.5.
What the Morgan Stanley brokerage firm said
Brokerage firm of Morgan Stanley said that the fall in Suzlon Energy share means there is a chance of share ADD. The outlook for the wind energy sector is strong according to Morgan Stanley brokerage firm. The brokerage firm has confidence in the MOAT of Suzlon Energy Limited Company. Suzlon company's contract backlog remains at 5.1 GW. Morgan Stanley brokerage firm said the total market share is expected to reach 35-40 percent by FY 2027.
About Suzlon Energy
The stock has declined 11.91% in the last one month. Suzlon shares have given 41.25 percent return in the last six months. Suzlon shares have given 50.47 percent return in the last one year. Suzlon stock has returned 2,780.56% in the last five years. The stock has given a return of 61.61% percent on YTD basis.
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