Suzlon Energy’s shares surged 5% on Friday, hitting the upper circuit at Rs 58.15, marking the third consecutive gain. The renewables firm reported strong Q3 results, with revenue and profit beating estimates, driven by a 163% year-on-year (YoY) rise in wind turbine execution. Its order book reached 5.5 gigawatts (GW), with analysts from ICICI Securities, JM Financial, and Nuvama maintaining ‘Buy’ ratings, citing strong execution and capacity expansion. Targets range from Rs 60 to Rs 80, reflecting optimism for future growth.
