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 [...]
Suzlon Energy surges 4.7% in 2 days on new orders
The Suzlon Energy stock has surged 4.7% in two trading sessions from Rs 22.15 on Wednesday, 18 January 2012, after the company announced before trading hours on Thursday, 19 January 2012 that its subsidiary — REpower Systems SE secured cumulative orders of 151 megawatts across Europe and North America from 22 October 2011 to 18 [...]
Fundamental View and Outlook – Suzlon Energy
SUZLON ENERGY LTD. CMP (Rs.): 52.35 EPS (Rs.): 0.00 52 Week High : 95.40 MCap (Rs. Cr.): 9384 Book Value(Rs.):39.21 52 Week Low : 43.00 Fundamental View : Suzlon Energy has signed an agreement with Hindustan Zinc, a Vedanta Group company to set up, operate and maintain 150 MW of wind power projects in Karnataka, [...]
Avoid Suzlon Energy Rights Issue
Shareholders can refrain from applying to the rights offer made by Suzlon Energy, as the additional capital from the rights is unlikely to be earnings-accretive in the medium-term. The offer’s primary objective is to discharge certain loans availed of by the company from the promoter group. The rights offer, together with any FCCB conversion in [...]
Expert Buy Sell Recommendations – 04-Jun-2010
Reliance Communications: BUY as the telecom sector is getting a reiterating. It is poised to give good returns on investment in the long run Punj Lloyd: BUY for a target price of Rs 200. The worst is over for the company, and it is likely to perform well going forward Idea Cellular: BUY as it [...]
Record date – Suzlon Energy Rights Issue
Suzlon Energy has fixed 10 June 2010 as the record date for the purpose of determining the equity shareholders of the company who will be entitled to apply for the equity shares in the rights issue.
Suzlon Energy Rights Issue approved
Wind turbine manufacturer Suzlon Energy today said it will raise funds through rights issue to repay its debt. The rights issue committee of directors at its meeting held yesterday, has decided to allot 2 equity shares for every 15 shares held by the existing shareholders on a rights basis, Suzlon said in a filing to [...]
