New Delhi, Dec. 8 -- Shares of Suzlon Energy gained 2.5% in early trade on Monday, December 08, to reach the day's high of Rs.53 apiece after domestic brokerage firm Motilal Oswal retained its 'Buy' recommendation on the stock with a target price of Rs.74 apiece, indicating an upside potential of 40% from the stock's previous closing price.

The shares have remained under pressure in recent months due to multiple concerns, including a slowdown in installations, which have lagged deliveries in recent quarters, along with a tepid FY26 year-to-date new order inflow that dragged the stock down 29% from the August highs.

However, the company, during its manufacturing day held on December 4 and 5, said it sees a limited impact on near-term ord...