Suzlon Energy Shares Jump 5% After Motilal Oswal Reiterates Bullish View, Sees 73% Upside With Target Rs 65: 5.9 GW Order Book, Rs 550 Crore Blade Factories, RSI at 26 and Why Technicals Signal Caution
- October 12, 2026
- Posted by: Harsh Piplani
- Category: News
Suzlon Energy shares: open Rs 38.22, high Rs 39.42 on 12 Oct; +8% in two sessions. MOFSL: Buy, target Rs 65 (73% above Rs 37.58 close). Order book 5.9 GW. RSI 26.1, 52-week low Rs 36.30 on 8 Oct. Valuation 17.5x FY28E EPS.
Quick Answer
Suzlon Energy shares rose about 4% to 5% on 12 October, opening at Rs 38.22 and touching Rs 39.42, after Motilal Oswal reiterated Buy with a target of Rs 65, about 73% above the previous close of Rs 37.58 in one report (Rs 38 in another). The brokerage cites a valuation of 17.5 times FY28E earnings against a one-year forward mean of 22 times, a 5.9 GW order book at the end of Q1 FY27 and deliveries rising from 1.2 GW in 1H FY27 to about 2.1 GW in 2H FY27. Technicals signal caution because the RSI of 26.1 is deeply oversold after a fall of about 30% in three months and a 52-week low of Rs 36.30 on 8 October, so the bounce is not yet a confirmed trend reversal. Suzlon also plans to invest about Rs 550 crore in three AI-powered blade factories, but a target price is a brokerage opinion and not a guarantee.
Suzlon Energy shares have been one of the most actively traded stocks in India, with more than 6.5 crore shares changing hands by 11 am on 12 October. After a fall of about 30% in three months, a 5% jump on a fresh Buy call raises the obvious question: is this a recovery or a pause in a downtrend?
This article covers the 12 October move, the Motilal Oswal call and how its target is built, the order book and deliveries, the Rs 550 crore investment plan, the technical signals, risks and what to watch, so you can weigh the stock with the numbers in front of you.
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Suzlon Energy Shares: The Move on 12 October
| Measure | Level | Note |
|---|---|---|
| Previous close | Rs 37.58 to Rs 38 | Two reports give slightly different figures |
| Open | Rs 38.22 | About 2% higher |
| Intraday high | Rs 39.42 | NSE |
| Price at 11 am | Rs 39.06 | Up 3.9% with over 6.5 crore shares traded |
| Two-session gain | More than 8% | As reported by Business Standard |
| 52-week low | Rs 36.30 | 8 October 2026 |
| Three-month fall | About 30% to 31% | Business Today and Motilal Oswal figures differ slightly |
| Market capitalisation | About Rs 53,651 crore | Business Today |
The headline says 5%, while the intraday figures in the reports range from about 3.8% to 4.2%, so the exact percentage depends on the time and the reference close. Either way, Suzlon Energy shares rose on heavy volumes.
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Motilal Oswal Target Price Rs 65 for Suzlon Energy Shares
| Item | Detail |
|---|---|
| Rating | Buy, reiterated |
| Target price | Rs 65, based on 30 times FY28E earnings per share |
| Upside | About 73% from Rs 37.58 and about 67% from Rs 39 (my calculation) |
| Current valuation | 17.5 times FY28E EPS |
| Historical comparison | About 20% below the one-year forward mean of 22 times, and below the two-year forward average of 27 times |
| EBITDA growth | A 22% CAGR over FY26 to FY28E |
The target assumes the multiple returns to 30 times, a modest premium to the two-year average of 27 times. That is the key assumption behind the 73% upside in Suzlon Energy shares, and it depends on execution and market mood.
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Order Book and Deliveries Behind Suzlon Energy Shares
| Measure | Figure | Source note |
|---|---|---|
| Order book | 5.9 GW at the end of Q1 FY27 | Motilal Oswal |
| Order inflows | About 1.3 GW in FY27 so far | Motilal Oswal |
| Deliveries | 1.2 GW in 1H FY27; about 2.1 GW expected in 2H FY27 | Motilal Oswal estimate |
| Seasonality | The second half contributes 60% to 65% of annual EBITDA | Motilal Oswal |
| Visibility | The order book covers estimated deliveries through Q3 FY28 | Motilal Oswal |
| India wind additions | About 3 GW in 1H FY27; about 7.5 GW expected in FY27 | In line with the MNRE target of 7.5 to 8 GW a year |
Because the second half carries most of the profit, the delivery ramp to 2.1 GW is what Suzlon Energy shares will be judged on in the coming results.
The Rs 550 Crore Investment Plan
Suzlon plans to invest about Rs 550 crore in three AI-powered blade factories, two in Gujarat and Karnataka and one in Tamil Nadu, per co-founder Girish Tanti. Completion is expected in 2027, and the company already runs five blade factories. It describes the plan as adding India’s largest smart wind manufacturing capacity, though the total of 18 factories it quotes is the company’s own figure and should be checked.
The investment shows confidence in demand, but new factories take time to add to earnings, so it supports the long-term story more than the next quarter.
Why Technicals Signal Caution for Suzlon Energy Shares
- Oversold reading: the RSI of 26.1 is below the usual 30 line, which means the stock is deeply oversold and can bounce, but it also shows heavy selling.
- Sharp fall: the stock lost about 30% in three months and hit a 52-week low of Rs 36.30 on 8 October.
- Short-term pressure: Business Today notes selling pressure in the short term even as the stock rises on 12 October.
- Missing levels: the reports gave no moving averages or support and resistance, so confirm those on a chart before trading Suzlon Energy shares.
A bounce from an oversold reading is common, and it takes a sustained recovery above recent highs to show the trend has changed.
Suzlon Energy Shares: Financial Snapshot
| Measure | FY26 | FY25 | Change (my calculation) |
|---|---|---|---|
| Revenue | Rs 16,679 crore | Rs 10,851 crore | Up about 54% |
| Net profit | Rs 3,163 crore | Rs 2,072 crore | Up about 53% |
Growth was strong in FY26, which is why the Motilal Oswal view on Suzlon Energy shares leans on earnings growth and not only on the rebound.
Risks for Suzlon Energy Shares
Technical weakness: The stock fell about 30% in three months and remains near its 52-week low.
Delivery ramp: The target needs deliveries to rise to about 2.1 GW in 2H FY27, and delays would hit earnings.
Multiple risk: The Rs 65 target assumes 30 times FY28E earnings, and a lower multiple means a lower value.
Execution: New blade factories and the capex plan can slip.
Data differences: Reports differ on the previous close and the percentage gain, so verify prices on NSE or BSE.
What to Watch Next for Suzlon Energy Shares
- Whether the stock holds above the 8 October low of Rs 36.30.
- Q2 FY27 delivery and order inflow numbers.
- Progress on deliveries towards 2.1 GW in 2H FY27.
- Updates on the three new blade factories.
- Wind capacity additions against the MNRE target.
Conclusion
Suzlon Energy shares rose about 5% on 12 October as Motilal Oswal reiterated Buy with a Rs 65 target, backed by a 5.9 GW order book and a valuation of 17.5 times FY28E earnings. With the RSI at 26.1 and the stock about 30% lower in three months, the bounce still needs confirmation. Consult a SEBI-registered advisor before making any decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why did Suzlon Energy shares jump 5%?
Ans. Motilal Oswal reiterated Buy with a Rs 65 target, citing valuation, a 5.9 GW order book and expected delivery growth, and the company announced a Rs 550 crore blade factory plan.
What is the Motilal Oswal target for Suzlon Energy shares?
Ans. Rs 65, which is about 73% above the Rs 37.58 previous close in one report and based on 30 times FY28E earnings.
What is the order book of Suzlon?
Ans. 5.9 GW at the end of Q1 FY27, with about 1.3 GW of inflows in FY27 so far.
Why do technicals signal caution for Suzlon Energy shares?
Ans. The RSI is 26.1, which is deeply oversold, the stock fell about 30% in three months and short-term selling pressure remains.
What is the 52-week low of Suzlon Energy shares?
Ans. Rs 36.30, touched on 8 October 2026.
What is the Rs 550 crore investment plan?
Ans. Three AI-powered blade factories in Gujarat, Karnataka and Tamil Nadu, expected to be completed in 2027.
How is Suzlon Energy shares valuation?
Ans. About 17.5 times FY28E EPS, roughly 20% below the one-year forward mean of 22 times, per Motilal Oswal.
Should I buy Suzlon Energy shares after the jump?
Ans. This article does not constitute investment advice. Suzlon Energy shares are volatile. Consult a SEBI-registered financial advisor.
