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India's Suzlon gains as Morgan Stanley upgrades to 'overweight'



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** Shares of Indian wind energy equipment maker Suzlon SUZL.NS jump 5% after Morgan Stanley upgrades to "overweight" from "equal-weight"

** Morgan Stanley says steep correction in SUZL a buying opportunity to "accumulate" as growth opportunity for wind energy equipment makers remain strong

** SUZL shares have fallen nearly 27% after hitting a 14-year high in September

** Brokerage lowered its target price to 71 rupees from 78 rupees

** Morgan Stanley sees SUZL as a beneficiary of India's energy transition as country adds more renewable energy

** Brokerage expects SUZL's market share to increase from present 25% to 35-40% in FY 2027



Reporting by Sethuraman NR in Bengaluru

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