Suzlon Energy shares drop 30% in a year, but Motilal Oswal screams Buy. Here's why it sees 73% upside

Shares of Suzlon Energy have seen a downturn recently, falling around 30% in a year. However, Motilal Oswal Financial Services sees 73% upside potential in the renewable energy player, expecting the company’s earnings momentum to strengthen in the second half of FY27.

The company's shares jumped 3% in early trade to Rs 38.69 apiece on NSE on Monday morning after Motilal Oswal reiterated its bullish ‘Buy’ call on the stock. The domestic brokerage explained that after the recent correction, which has extended over the past three months, the stock trades at a 20% discount to its historical averages.