Suzlon Energy shares hit 10% upper circuit, takes winning run to 6th day

Shares of Suzlon Energy surged 10% to Rs 17, extending its winning streak for the sixth consecutive session. In the past six sessions, the stock has gained 24%, and it has risen 47% in the last month and over 175% in the past year. ICICI Securities expects Suzlon Energy to benefit from favorable industry factors and anticipates a significant increase in earnings from FY24 onward. The brokerage firm has initiated a buy rating on the stock with a target price of Rs 22, reflecting a 32% upside potential.

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