SUZLON ENERGY; STOCK TRACKER

CMP 24.45                  BSE 17332.62

• In my earlier Posts on the scrip, I have held that 24 closing basis is a very strong support for the scrip.
• It is good to note that the scrip has not closed below 24 ever since 19/1/2012. The closest it came to breaking 24 was on 11/4/2012 when intraday it touched 23.65 but closed at 24.45.
• A strong BUY rating on the scrip at current levels is warranted.
• As also pointed out in one of the earlier Posts, encouraging news flow seems to be on the anvil in respect of the upcoming FCCB redemption.
• I reiterate a BUY on the scrip at CMP with a medium term target of 37.

ALL EARLIER POSTS ON SUZLON CLICK HERE