Buy Suzlon Energy for target price of Rs 22 (47% upside): ICICI Securities

Discussion in 'Latest Brokerage Stock Buy-Sell Reports' started by Vidhi Khanna, Jul 2, 2023.

  1. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

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    Suzlon is market leader in wind power by wide margin. Industry is growing at 35% CAGR. Debt:Equity is merely 1x debt/EBITDA. It is best equipped to benefit from industry tailwinds. Sharp uptick in earnings FY24E onwards expected. Buy for TP of Rs 22 (47% upside)

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