Suzlon share has attracted renewed investor attention after a sharp correction, with brokerage Motilal Oswal maintaining its Buy rating and a target price of ₹65. The stock had declined approximately 31% over three months when the brokerage issued its October 11, 2026 report, according to The Financial Express.

The brokerage initially projected nearly 73% upside from the October 9 closing price of ₹37.60. However, the Suzlon share price recovered to ₹42 on October 16, reducing the potential upside to approximately 55%. For investors tracking Stocks to buy today, the key question is whether Suzlon Energy's growing order book can translate into stronger profits.

The order book behind Motilal Oswal's optimism

Suzlon's order book stood at approximately 5.9 GW in the brokerage's assessment, supported by around 1.3 GW of order inflows during FY27. The company had separately reported a cumulative order book of approximately 6.1 GW in its Q1 FY27 results, providing visibility into future turbine deliveries. According to Business Standard, the company secured important orders from customers including Tata Power Renewable Energy and the Waaree Group.

Its expanding order pipeline also reflects growing demand for wind energy installations across India. However, a strong order book does not automatically guarantee revenue or profits. The company must manufacture, deliver and commission projects on schedule while managing costs. For investors following Suzlon share news, execution remains one of the most important indicators of future performance.

Record deliveries, but quarterly profit declined

Suzlon's Q1 FY27 financial performance presented a mixed picture. The company reported consolidated net profit of approximately ₹305 crore for the quarter ended June 2026, down nearly 6% from ₹324 crore a year earlier. Revenue from operations increased 23% to ₹3,819 crore, compared with ₹3,117 crore in the corresponding quarter.

Suzlon also recorded its highest-ever first-quarter deliveries of 506 MW, representing 14% year-on-year growth.

Despite higher revenue and deliveries, the decline in net profit highlighted the importance of examining costs, profitability and other financial factors. The results suggest that business expansion is progressing, but investors will need stronger earnings consistency before treating the recovery as sustainable.

Suzlon Share Price Target: Why Motilal Oswal Remains Bullish

Motilal Oswal expects the renewable energy company to deliver approximately 3.3 GW of wind turbine capacity during FY27, representing projected growth of 35% year on year.

Of this, around 2.1 GW of deliveries are expected during the second half of the financial year, compared with an estimated 1.2 GW in the first half. The brokerage also forecasts deliveries rising to approximately 3.8 GW in FY28.

According to Motilal Oswal's research report, the stock was trading at approximately 17.5 times estimated FY28 earnings, below a historical forward valuation benchmark of 22 times.

The brokerage retained its Buy recommendation and ₹65 Suzlon Energy share price target, based on 30 times estimated FY28 earnings.

However, these projections depend on successful order execution, revenue growth and sustained profitability.

What This Means for Indian Investors

The sharp correction in the Suzlon share price has brought valuation back into focus, but investors should distinguish between a lower stock price and a genuinely attractive investment opportunity. The October 16 closing price of ₹42 implies approximately 55% upside to the brokerage's ₹65 target. The earlier 73% estimate reflected a lower reference price and should not be presented as the current return potential.

Investors following Stock market today updates should also consider broader market volatility, changing interest rates and developments affecting the renewable energy sector. The latest Suzlon share news suggests that analysts remain optimistic about long-term demand, particularly as India's power sector expands renewable generation capacity.

However, delayed projects, rising manufacturing costs and slower order conversion could weaken the investment outlook.

Should You Buy Suzlon Shares Now?

For those evaluating the Suzlon share price target, the next major trigger will be the company's Q2 FY27 results. Investors should watch turbine deliveries, profit margins, fresh orders and management commentary on the expected second-half execution ramp.

The Suzlon share investment case depends heavily on whether its growing order book converts into higher earnings over the coming quarters. For now, Motilal Oswal's ₹65 target reflects confidence in future growth rather than a guaranteed recovery. The company's next financial results will help determine whether Suzlon Energy can turn strong business visibility into sustained profitability and renewed investor confidence.