Positive Views on Suzlon Energy
Suzlon has been seeing order inflow from India and abroad, mainly from Europe and US. After REpower 100% squeeze out the management has indicated that they have cash of about USD 1.5 billion, this quite comforting on the net debt of about Rs 12,000-12,500 crore. Suzlon, is a USD 5 billion top-line company and the long-term prospects are very good. In fact the company needs to improve its profitability.
Probably Q3 may not be able to give much comfort and not much can be expected from Q4. But going forward, FY13 will start giving comfort on the bottom-line. USD 5 billion top-line is quite comforting with Rs 25,000 crore top-line. Taking these into account, positive views are held on Suzlon. Suzlon can give a return of 40-45% in next one year.
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Very heartening piece of news. I bought 500 shares when the price was hovering at about Rs. 100/-. since then there hs been a steady decline in the price so much so I was preparing to sell even if Iget half the value of my investment. Your piece ahs made me decide to hold on to the shares in the hope the tide will turn.