Stock market analysts have maintained ‘buy’ rating on Suzlon Energy stock with an intraday target of Rs 227.

According to them, interested traders can purchase the stock above Rs 219 with a strict stop loss of Rs 215. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 228.
 
Shares of the company, on Wednesday (July 30), closed at Rs 218.80 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 1582826. Current EPS and PE Ratio stood at 8.46 and 26.14 respectively. The share price has seen a 52-week high of Rs 460 and a low of Rs 174.50 on BSE.

The outlook for the stock is very strong, and it will achieve the target price as the company has strong growth plans and strong operating capabilities.

The outlook for the stock is really very strong, and it will really outperform the stock market. The stock will achieve the target price as the company has aggressive growth plans and strong operating capabilities.

For the three months period ended june 30, 2008, Suzlon Energy registered a decline of 1.52% in its standalone net profit, which stood at Rs 880.40 million from Rs 894 million during the same quarter last year.

The company reported earnings of Rs 0.59 a share during the quarter, registering 81.03% declension over prior year period.

Net sales for the quarter climbed 75.24% to Rs 14,705.90 million, whereas total income zoomed 73.40% to Rs 14,962.80 million.

As on date, the company has strong order book position of Rs 164.91 billion comprising of Rs 14.49 billion of domestic orders and Rs 150.42 billion of export orders.

On July 8, Suzlon Energy announced that it decided to get hold of a Chinese wind energy company Honiton Energy Holdings for more than USD 500 million.

The buyout will be done by Colossus Holdings, a Singapore-based holding company of the Tanti group and private equity company Arcapita Bank.

The ESOP-2005 committee of the board of directors of Suzlon Energy, at its meeting held on July 05, 2008 has allotted 1,301,000 equity shares of Rs 2 each to the option grantees.

Other stocks from the same sector that looks good for short-term as well as long-term trading includes BHEL, Praj Industries, BGR Energy and BEML.