Motilal Oswal has issued a Buy call on Suzlon Energy with its highest-ever target price of Rs 82, implying a 24% upside. The brokerage cites benefits from upcoming local content mandates, a strong order book, and improved execution through land acquisition and EPC expansion. The RLMM policy, mandating local sourcing, is expected to be formally adopted in Q2FY26.
After a remarkable 1,300% surge, Suzlon Energy's shares are consolidating, signaling a potential shift in momentum despite a 980% return. Supported by financial restructuring, a strong order book, and a positive energy outlook, the company's turnaround story is fueled by technical indicators and robust earnings. Brokerages initiate 'Buy' ratings, anticipating further growth in India's renewable energy sector.
Sandip Agarwal from Sowilo Investment Managers believes large-cap IT firms are unlikely to exceed 6-7% revenue growth in the long term. He finds their current valuations, with PE multiples above 20, unattractive. Sowilo Investment Managers sold their large-cap IT holdings after a 40-50% gain, citing high multiples and limited growth potential, focusing instead on deep value investments.
This sharp change occurs as Indian markets now trade at an 82% premium to other emerging markets, well above the 10-year average of 63%. Additionally, nearly 39% of non-financial stocks are trading above one standard deviation of their 10-year average PE ratios.
Market expert Sunil Subramaniam notes mixed signals regarding a potential trade deal between the U.S. and India, impacting market expectations. Domestic fund managers are cautious despite strong inflows, focusing on domestic sectors due to BTA uncertainty. Telecom sector bullish overall, but competitive dynamics make stock picking challenging.
Meta Infotech debuted strongly on the BSE SME platform, listing at Rs 225, a 39.75% premium over its IPO price. The Rs 80.18 crore public issue was heavily oversubscribed, particularly by HNIs. Proceeds will be used for debt repayment, a new Mumbai office, and general corporate purposes, following a year of significant revenue and profit growth.
