Suzlon Energy shares downgraded by Morgan Stanley, stock falls 2%
Global brokerage Morgan Stanley has downgraded Suzlon Energy shares from “overweight” to “equal weight.” Following this update, the shares of the wind energy solutions provider fell 2% to a day’s low of Rs 80.5. Despite the downgrade, Morgan Stanley has raised its price target for Suzlon to Rs 88 per share, up from Rs 73….
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Suzlon Energy shares hit 5% upper circuit for 3rd consecutive day, reach new 52-week high; here’s why
Shares of Suzlon Energy hit a 5% upper circuit for the third consecutive session, reaching a fresh 52-week high of Rs 86 in Wednesday’s trade on BSE. The rally was driven by positive investor sentiment following Morgan Stanley’s overweight rating on the renewable energy company. The stock saw heavy trading volumes, with nearly 13.94 crore…
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Suzlon Energy hits Rs 1 lakh crore market cap; shares surge 37% since Q1 results
Suzlon Energy’s market capitalisation surpassed Rs 1 lakh crore on Friday, following a nearly 37% surge in its stock price since the company released its June quarter results on July 22. On Friday, the stock climbed 3.3% to a new 52-week high of Rs 75.39, driven by substantial trading volumes on the NSE. Approximately 5.83…
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