Suzlon ..... touching upper circuit
The Suzlon share has been the hot favourite among te punters recently.
The stock was languishing in the range of 12 to 18 in recnt months and was a favourite play of the traders and punters.
However last 2 weeks have seen a major buildup in the stock with high profile bulk trades.
The stock has also been in news recently for all the right reasons from sale of it's subsidiary to offset loan to purchase of equity by the famous Singhavi the management wizard. And it augurs well for the stock and it's future outlook.
When te stock hit the upper circuit on monday there were no sellers in the market and the traded volume was more than 150 crores.
One can buy this stock between 18 to 23 or even at the current market rate and play it for Rs 30 - 35 level in short term near future.
Also considering the major thrust by the govt towards renewable enrgy for power generation with 9000 MW planned to be generated in next 4-5 years one can also buy this stock for long term to see te levels of 100-150 in 1-2 years from now.
Happy Investing
The Suzlon share has been the hot favourite among te punters recently.
The stock was languishing in the range of 12 to 18 in recnt months and was a favourite play of the traders and punters.
However last 2 weeks have seen a major buildup in the stock with high profile bulk trades.
The stock has also been in news recently for all the right reasons from sale of it's subsidiary to offset loan to purchase of equity by the famous Singhavi the management wizard. And it augurs well for the stock and it's future outlook.
When te stock hit the upper circuit on monday there were no sellers in the market and the traded volume was more than 150 crores.
One can buy this stock between 18 to 23 or even at the current market rate and play it for Rs 30 - 35 level in short term near future.
Also considering the major thrust by the govt towards renewable enrgy for power generation with 9000 MW planned to be generated in next 4-5 years one can also buy this stock for long term to see te levels of 100-150 in 1-2 years from now.
Happy Investing
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