Suzlon Energy price target cut, management expects stronger H2
after close1 source ↓written by the desknot a recommendation
- in share price
- 10% decline
Brokerages UBS and Nuvama have reduced their price targets for Suzlon Energy following a 10% decline in share price after Q1 results. Despite this, management anticipates a stronger second half, projecting a H1/H2 split of 35-40%/60-65% in deliveries. Delayed deliveries due to geopolitical issues are expected to recover in upcoming quarters.
Not investment advice. For informational purposes only.