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JM Financial has cut Suzlon Energys target price to Rs 71 from Rs 80, citing execution challenges and a lower valuation multiple. Despite this, the firm sees a 29% upside. Suzlon is expanding manufacturing capacity to 4.5GW but faces hurdles like land availability and project execution risks.
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In fact, investors can have 70-80% of their portfolio within these four sectors and that can, I would say, high degree of them outperforming the broader indices or some of the other benchmarks.
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The tech giant confirmed it had "reached a resolution" but rejected the allegations made against it.
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