Suzlon Energy shares see rise in retail ownership, MF holding falls in March quarter

Despite a recent price correction, Suzlon Energy continues to attract strong retail investor interest, with their holdings increasing to 25.12% in March 2024. While mutual funds slightly reduced their stakes, FPIs maintained their positions, and LIC remained steady, indicating sustained institutional confidence. Analysts have a 'strong buy' recommendation for the stock, with an average target price of Rs 72.