Sell Suzlon Energy With Stoploss Of Rs 71.50
Stock market analyst Rajesh Jain of SMC Global is of the view that investors can sell Suzlon Energy stock with a target of Rs 66.
According to him, investors can sell the stock with a strict stop loss of Rs 71.50.
If the stock fell below Rs 63, it may see more weakness.
Today, the stock opened at Rs 69.90 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 145.85 and a low of Rs 55.60 on BSE.
Current EPS & P/E ratio stood at 0.89 and 77.44 respectively.
After selling the stock, the interested investors can enter the stock again at a low price, for medium or long term prospective.
The country's largest PSU State Bank of India become the first banking institution to foray into green power by setting up windmills.
SBI began the venture by signing deal with Suzlon Energy. The venture was completed in 4 months.
REpower USA Corp inked a third agreement with US project developer Heritage Sustainable Energy LLC to deliver nine wind turbines for a location in Michigan.
REpower USA Corp is a division of German wind turbine producer REpower Systems AG, a Suzlon Group company.