Following the loss for the fourth consecutive day, the share price of Suzlon Energy has touched an upper circuit. The company specializes in renewable energy solutions, primarily the production of wind turbines.

The jump in its share price came after brokerage Morgan Stanley upgraded the stock to ‘Overweight’ from ‘Equal-weight.’

Shares of Suzlon Energy rose to ₹62.22, hitting the 5% upper circuit limit. Morgan Stanley upgraded the stock, viewing the recent drop as a buying chance due to a strong business model and significant order backlog.

The multibagger stock also hit upper circuit of 5% for the third session, boosting hopes of recovery in the green energy scrip.