Ventura Research Report – Suzlon Energy

Based on our interactions, we have marginally upgraded our target on Suzlon by 4% to Rs 44.5 (12xFY20EV/EBIDTA). Our confidence in the sector has been bolstered given India‚Äôs recent commitment (at the Plenary Session of St. Petersburg International Economic Forum (SPIEF 2017) to cut back on carbon emissions. In addition Suzlon is also looking to…