Indiabulls Securities Ltd has maintained a ‘Hold’ rating on Suzlon Energy Limited stock with a long term target above Rs 275.
Suzlon Energy is now making cautious efforts to expand its market share, develop its business, regulates its asset quality and lay more pressure on customer service to perk up its profile and combat increasing competition.
According to Indiabulls, investors who have already purchased the stock can go long with the aim of making a big profit.
Indian stock markets went up further over the week ended July 18, helped by lower than expected inflation numbers together with falling crude oil prices.
The market remained volatile during the week ended July 18. It made the majority of profits on Friday after the declaration of inflation figures.
Indian stock markets ended the day on a positive note on Thursday (July 17) due to encouraging global cues and heavy drop in crude prices. Heavy buying was seen across board.
The market made a smart recovery by annihilating all its losses from last four consecutive days. Banking, realty, auto, power, IT, oil stocks were the major contributors.
Midcap and Smallcap index gained 1.32% and 0.99% respectively.