Suzlon may find support in the 65 zone, though iam comfortable buying the stock at around the 55-60 levels for a 80 rupees upside. Technically the stock would correct to the 65 levels soon before buying emerges.
In Oct 05 the IPO issue price was INR 510. Can anyone let me have the details of Split, bonus or any such thing that has happened in it, just to evaluate the slide in it.
dear varner,last 3 years mopvements can be seen in the detailed view of our board.your loss in 3 years is about 76%.this couner has always trailed the sensex/nifty,regards ps you may see 50 levels also should the markets dampen
You remain comfortable now but once this downtrend is broken by some new announcements in clean energy the price of Suzlon will zoom to 100-150-200 levels by year end. Then you will be uncomfortable for rest of your life
After the proceedings of Copenhegan conference on Climate change attended by 170 countries government representatives, are released on December 18 2009, you shall see that stock of all renewable energy stocks dealing with wind, solar shall zoom. Suzlon shall reach triple figure by December expiry. Hold your stock and accumulate further
Suzlon has taken a very big move forward by selling its stake in Hansen. The only thing, which one has to now look for in the business, is whether we see continued strong inflow. That is something, which has to be monitored carefully. If it comes through then I wouldn’t be surprised if the stock goes past Rs 100. This is something which clearly needs to be monitored.(Source : Sandeep Bhatia, ED and Head of Sales at Kotak Institutional Equities)
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