Nuvama, a domestic brokerage, initiated coverage on Inox Wind and Suzlon Energy with optimistic outlooks. It assigned a ‘buy’ rating and a target price of Rs 195 for Inox Wind, citing its position as one of the two key players in India’s WTG and turnkey EPC market. Meanwhile, Suzlon Energy received a ‘buy’ rating with a target price of Rs 53, backed by its technological edge, high-margin services, and strong balance sheet.
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