Suzlon Energy Trading Call

As per view of technical analysts, Suzlon Energy can be bought at current market price with the stop loss of Rs 1932 for a target of Rs 1966 – 1991. This is an intraday call for day traders.

The stock has touched an intraday high of Rs 1,993 and a low of Rs1,960. The stock is currently trading at Rs 1977 with a gain of Rs 35.85 or 1.85%.

Suzlon Energy is the 5th largest company in the world in its segment. The company has issued zero- coupon foreign currency convertible bonds worth 10 million to fund its organic growth initiatives.

On NSE, the stock has touched a 52-week high of 2,159.80 and a low of Rs 931.
The stock is trading at a P/E of 53.90 at current market price and has an earning per share of Rs 36.77.

As per the latest profit and loss account, the company has registered a net profit of Rs.1,061.14 crore for the year 2007.