India's Suzlon Energy jumps as MS says NTPC order to boost earnings

Inox Wind

10/09/2024 06:07

** Shares of Suzlon Energy  SUZL.NS  hits upper circuit, up
5% at 78.05 rupees
    ** Stock had risen as much as 3.4% on Monday order from
renewables arm of NTPC  NTPC.NS , but closed 0.5% lower
    ** Morgan Stanley says contract improves earnings visibility
for FY26-27; rates stock "overweight" with PT 73.4 rupees
    ** Analysts on avg rate Suzlon and Inox Wind  INWN.NS  "buy"
but rate JSW Energy  JSWE.NS  "hold" -LSEG data
    ** SUZL up 2X YTD vs ~90% and ~79% climbs in INWN and JSWE

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))