The stock ended the day in green, up 2.99 per cent or Rs 12.70 at Rs 437.2.
Motilal Oswal started coverage with "buy" rating and target price of Rs 543.
Wind power market is likely to expand to 4-5 GW per annum in the medium term, from 2.3 GW in FY15, aided by restoration of accelerated depreciation and generation-based incentives, the brokerage firm said.
Government targets to install 60 GW wind power capacity by 2022.
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