New Delhi, June 13 -- Domestic brokerage house Geojit Financial Services has revised its outlook on Suzlon Energy, downgrading the stock from a 'Buy' to an 'Accumulate' rating. Despite the revised stance, the brokerage firm has increased its target price to Rs.77 from the earlier Rs.71, indicating a potential upside of 17 percent from previous close of Rs.65.67. The adjustment reflects Suzlon's promising growth prospects, driven by a robust order book and strong performance in its wind turbine business.

Geojit highlighted Suzlon's expanding order book of over 5.5 GW, which it believes will support a 41 percent compound annual growth rate (CAGR) in wind turbine generator (WTG) deliveries from FY25 to FY27. The brokerage expects Suzlon's e...