New Delhi, May 14 -- Suzlon Energy share price rose by almost 5% during Wednesday's trading session, marking the third consecutive day of gains. Brokerage firm Motilal Oswal has reaffirmed its 'Buy' recommendation for Suzlon Energy, setting a target price of Rs.75 per share. This suggests a potential upside of 30% compared to the stock's closing price on Tuesday.

The brokerage noted in its report that the newly issued draft Revised List of Models and Manufacturers of Wind Turbines (RLMM) requirement for local content in wind turbine production is a significant positive factor for Suzlon Energy in the medium and long term.

Based on its investigations, power project developers are expected to ask the government for a postponement of the d...