Ambareesh Baliga of Karvy Stock Broking is of the view that Suzlon Energy can go back to Rs 1250-1300.
Baliga told CNBC-TV18, "Suzlon Energy from these levels, I don't think there is too much of a downside because whatever negatives are there I think it's already there in the price, it has fallen decently well. It has fallen nearly 30-35% from its top. Surely the acquisition, which they are talking of, hasn't really gone down well with the market, that's one of the reasons why it failed quite sharply. But from here on I really don't see much of a downside looking at the order book position, which they have, looking at the performance, which can come over the next atleast 3-4 quarters. I think the downside is not more than Rs 50-75 from here, whereas it can again go back to those levels of Rs 1250-1300."
Disclosure: Analyst clients could be holding the above stock.
