SP Tulsian positive on Suzlon Energy

Tulsian told CNBC-TV18, “From here on one can take a positive view on Suzlon Energy because I don’t think that managing the fund for meeting the FCCB obligations because the company though has hinted that they will be asking for a short adjournment of may be couple of weeks from the bond holders but they are equally mobilizing the funds required to meet the liability.”

He further added, “I don’t think that there will be much problem in happening that and once that gets over I think again the positive view which we have seen may be couple of months back coming in on the stock because of the order inflow from India and abroad when the share moved to about Rs 30 can really comeback and I’ll be taking positive view. From hereon one can say that stock looks to have bottomed out.”

“ Reliance Capital , if you see the finance and investment sector EBIT it has increased by about Rs 360 crore, that segment for Q4 has given a EBIT of Rs 370 crore. For whole year it is Rs 380 crore. So I think there must be some again of about Rs 350 crore having made on the investment in which I have not been able to assert in. So if you exclude that it is flat results.”