Suzlon – a Buy « Stock Networking

Suzlon – a Buy

Posted by netstock on November 27, 2009

Suzlon has seen many ups and downs in recent time.

It seems a turnaround time for Suzlon now. It has got very strong order book. Volume has picked up significantly for past few days. It is able to sustain a support level of 69-70. Its price at 70 is fairly valued given that it is a large cap. Company is now more focused on clearing its heavy debts also which is a good sign.

We recommend Suzlon now a buy (between a price range of 65-75) with long term (2-3 yrs) target of 350-500.

-Netstock

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