Investec brokerage firm upheld its buy recommendation for Hindalco, while Nuvama initiated coverage on Inox Wind and Suzlon Energy with buy ratings, respectively. Goldman Sachs has given LIC a neutral rating following its Q4 results.
Shares of Suzlon Energy rose more than 2.85 per cent to Rs 45.20 on Wednesday's trading session, commanding a total market capitalization of more than 61,000 crore.
Nuvama, a domestic brokerage, initiated coverage on Inox Wind and Suzlon Energy with optimistic outlooks. It assigned a buy rating and a target price of Rs 195 for Inox Wind, citing its position as one of the two key players in India s WTG and turnkey EPC market. Meanwhile, Suzlon Energy received a buy rating with a target price of Rs 53, backed by its technological edge, high-margin services, and strong balance sheet.