New Delhi: Investors of Suzlon Energy and IREDA made huge profits on Tuesday. Suzlon has received a very big order from NTPC. Also, the famous American brokerage firm Morgan Stanley has given a positive opinion about Suzlon. Due to this, Suzlon hit an upper circuit of 5 percent and it reached Rs 78.05. However, it is still 7.52 percent below its one-year high level.

At the same time, government Navratna IREDA has also benefited from a big deal. It has finalized a deal with SJVN and GMR Energy for a project in Nepal. According to IREDA, the purpose of this alliance is to increase regional energy security through the development of renewable energy infrastructure. It rose by about 6 percent to Rs 240 in early trade.

What did Morgan Stanley say on Suzlon?

Morgan Stanley believes that wind turbine manufacturing company Suzlon Energy will have good earnings in FY 2026 and FY 2027. Suzlon Energy has received an order of 1,166 MW from NTPC Green Energy. Under this, Suzlon will install 370 S144 wind turbine generators equipped with Hybrid Lattice Tubular (HLT) towers and having a capacity of 3.15 MW. This is the biggest order for Suzlon so far. With this, Suzlon's order book reached close to 5 GW as of September 3.

Morgan Stanley says that Suzlon has received an order from a government company after a long time. Earlier it was not able to bid due to negative net worth. However, Morgan Stanley did not change the overweight rating of Suzlon and kept the target price at Rs 73.4, which has now been crossed. Out of the five analysts covering Suzlon, 3 have given it BUY and two have given HOLD rating. The highest target price is Rs 80, which has been given by ICICI Securities.

Reasons for the rise in IREDA shares

Shares of Indian Renewable Energy Development Agency Limited (IREDA) have risen due to the Nepal deal between SJVN and GMR Energy. This deal is very important for Nepal, as it will help in using Nepal's vast hydropower capacity. IREDA Chairman and Managing Director Pradeep Kumar Das says that our investment in this important hydropower project reflects IREDA's commitment to modernizing renewable energy initiatives.

By around 1 pm, IREDA shares were trading at Rs 232.70 with a jump of 4.27 percent. IREDA has given a profit of 65 percent in the last 6 months. At the same time, it gave a multibagger return of about 290 percent in one year.