Suzlon has lost its business focus especially with the crisis, renewable energy prospects are weak asicly due to big investment requirements and shortage of financial liquidity in the markets.
I bought Suzlon 100 shares @ 115/-. What is the future of this stock will i keep the stock for few years by making buy at this levels or i could i wait for few days for at new low levels of this stock?
first wi8 for the company to post atleast some profits even the profits may be 1 cr or so..then an investor can think of buying it. The company is sitting on huge debt and also some problems are there on the quality of their products. I dont know why the management is sitting dumb rather than trying to reduce their debt. The company has got worst management which makes it a sell at these levels.May be one can think of buying it in small quantities at 30 levels.