Suzlon jumps 5% as MOFSL keeps Buy call and ₹65 target
In short
Suzlon Energy shares jumped about 5% after MOFSL kept its Buy rating and ₹65 target. The report says that target was more than 70% above the previous close of ₹38.
This matters because the call could keep investor interest in the stock. The reporting does not explain the ₹550 crore plan in detail or say if Suzlon confirmed it.
What the reporting says
Suzlon Energy shares jumped about 5% after MOFSL maintained its Buy rating and ₹65 target price. The source says the target implies more than 70% upside from the previous close of ₹38, and another market summary linked the move to a ₹550 crore investment plan. It is not stated in the available reporting what the investment plan covers or whether it was formally announced by the company.
Why it matters
Suzlon Energy shares rose about 5% after MOFSL kept a Buy rating and a ₹65 target, which the source says implies more than 70% upside from the previous close of ₹38. A market summary also mentioned a ₹550 crore investment plan. The move matters for Suzlon shareholders, but the reporting does not specify the plan’s purpose or whether it is finalized.