JM Financial increases target price for Suzlon; sees upside potential of up to 14%

JM Financial raised Suzlon Energy's target price to Rs 71 after a stellar Q1 FY25, driven by a record 3,817 MW order book and strong execution momentum. Suzlon's shares, up 231% in the past year, reflected these positive results. However, Nuvama downgraded the stock to 'hold' with a Rs 64 target price as it believes gains are priced in.