Suzlon Energy Limited (SEL), the world’s third leading* and India’s
largest wind
turbine manufacturer, announced the signing of a repeat order for 57 MW
with Ayen
Enerji of Turkey. The order will be supplied with 27 units of Suzlon S88 –
2.1 MW
turbine, to be installed at the Seferihisar and Mordogan projects in east
Turkey.
Speaking on the order, Mr. Erik Winter Pedersen, CEO of Suzlon Wind Energy
A\S, the
Europe-marketing arm of the company stated: “We are extremely pleased to
partner
with Ayen Enerji with this repeat order. This order underlines the
reliability and
bankability of our product, and the close-partnership we offer to our
customers making
for a compelling value proposition.”
Ayen Enerji is one of Turkey’s major utilities with principal focus on
production,
distribution and sale of electricity. Together with its subsidiaries, The
Company has
three hydroelectric and one natural gas power plants, with total annual
capacity of
nearly 1.2 billion kWh.
Speaking on the order, Mr. Sumant Sinha, COO – Suzlon Energy Limited
said: “Turkey
is one of the key emerging wind markets in Europe and our relationship
with Ayen
Enerji puts us on a strong footing to take advantage of the considerable
potential of
this market.”
Turkey has an estimated wind energy potential of 53 TWh/year. Renewable
energy has
strong national support – with a target of achieving 12% of all power
production from
renewables by 2010, translating to an estimated target of 12,000 MW from
wind.

Suzlon Energy Shorted Heav­ily by Bears,Can see good rally in cou­ple of trad­ing sessions.

Buy above 88 for a tgt 90 93 96 sl 83

if suzlon remains for one hour above 87, then bears will have to cover there short positions, under this circumstances immediate target for suzlon is Rs. 90/- o 92/-

Will come below 80 in this week. Severe falls upto 65 expected if market dips or takes a correction.

there are no shorts maintained..the stock is under pressure due to low demand and supply beeing maintained to the same level...If small investors keep on dumping than the stock will be at pressure....

I maintain that this stock beeing good for a period of 6 mnts or more...But for short period take informed decisions...The stock should have performed well today due to the new of it blade project beeing online and completed. BUt nothing of tht sort happened.

Volumes are low at this stock this has resulted the stock to stay on pressure today....

It seems some big operators are pushing the stock down to accumulate at lower level,Suzlon short term targret is Rs95

Yes you are right Shappy. It is the best time to accumulate this stock for long-term gains. Best of luck!

its good script to buy ?

it will not fall below 83 level.strong support on this level.

Hello Sachin,
Any new development about Suzlon? Why is it going down drastically compared to the general marker fall?

Thanks for your input.

Can we buy this stock at CMP?
or this will further go down to 52/50 suggested by Analysts(whose words will never happen, may happen for 5-10%-occasionally).

Pls suggest

Bad results, financial crisis and bear market will result in unexpected new lows in Suzlon price. Beware.

I think it will break 52 levels in the next trading session. Nifty is bound to go down tomorrow as well..
Another 150 points fall in Nifty will be seen this week. Next support level is 4400. So this is for like a correction week Guess its better to wait and watch.
If Suzlon falls below 52 then 40-45 ka range is a Buy call.

G L & H I.

hi all,

one can start to accumulate suzlon in dip now for short term tgt of 70

happy investing...........

Tomorrow suzlon open with a gap down...and come to 52 levels..by next week it will touch 40 - 42 levels.....