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