Expert 1 - Exit Suzlon Energy on any bounce-back because fundamentally the stock is weak, says PK Agarwal of Bonanza Portfolio on Zee Business. Keep stop loss of Rs 55
Expert - 2 Buy Suzlon Energy for investment purpose, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Traders can take long positions, get out and then repeat this.
Expert - 3 Buy Suzlon Energy at Rs 61 with target of Rs 64.50, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 59.50
What should a buyer do ?
avoid this stock. Reason is they are in very high tech industry and they
dont have capability to develop those technologies. They are trying to buy
all these technologies. When other party let you use their technology for
profit they factor all the future profit in the acquisition cost. Also
there were problems in their wind mills in USA, six month back. It was not
India where customer took the good and no refund and no return. They end up
paying penalty for it. These are subjective facts.
There are some objectives facts also. Their revenue has come down to 1/3 ...more