Hold Suzlon Energy With Stop Loss Of Rs 46

Suzlon-EnergyStock market analyst Pradeep Surekha has maintained 'hold' rating on Suzlon Energy Ltd stock.

According to analyst, the interested investors can buy the stock with a strict stop loss of Rs 46.

The analyst also said that the investors, who want to sell the stock in the near term, can exit around Rs 57-58.

The stock of the company, on Sep 14, closed at Rs 51.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 101.90 and a low of Rs 45 on BSE.

Current EPS is -9.87.

Suzlon's arm REpower Systems entered into a deal with a SPV, Klagerup Kraft, for delivering 3 wind turbines to the Swedish market.

The REpower MM92 turbines are planned for a wind farm project near Skane province.

Suzlon Energy's arm Suzlon Energy (Tianjin) Ltd has pocketed a repeat order for supplying a 50-megawatt wind turbine from one of China's five biggest power manufacturers.

As per the agreement, Suzlon arm will provide 24 units of the Suzlon S88 (LTV-50Hz) turbines, each having a rated power of 2.1 mega watts.