Hold Suzlon Energy With Stop Loss Of Rs 46
Stock 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.