Highlighting the need for restructuring, Suzlon Energy said that the amalgamation would result in simplified group structure to further improve transparency.
Suzlon Energy target price: Anand Rathi has a target price of Rs 590 on Inox Wind. Fully integrated in wind energy, Inox Wind is set to benefit from the upturn in the sector, Anand Rathi said.
Suzlon Energy to post a robust financial turnaround, which was evident in its December quarter results. But Suzlon Energy shares might be factoring in most positives.
Suzlon Energy share price: The stock rose 4.54 per cent to trade at Rs 44.70 from its day's low price of Rs 42.76. The multibagger counter has gained more than 390 per cent in a year. Bourses BSE and NSE have put the securities of Suzlon under the long-term ASM (Additional Surveillance Measure) framework.