Anil Manghnani, Modern Shares & Stock Brokers share his view on Suzlon Energy .
Manghnani told CNBC-TV18, "Suzlon is still difficult one to call given the fact that it's been beaten down so much. Given what's happening to some of the other infrastructure and power stocks, the way they have rallied, Lanco has rallied has from Rs 8-9 all the way to Rs 16 and GMR also close from Rs 18 to Rs 30, so lot of them have moved 50-60%. Suzlon was a late starter in that regards and probably playing catch up, so maybe around Rs 29-30 also that could be able to stretch and then you'd find some selling pressure emerge."
He further added, "Idea is a different cup of tea; it had major support at about Rs 77. It's gone there, tested it and now bouncing. But around Rs 93-94 is the first real test for Idea . If it can take out Rs 94 then back to Rs 103 which was the original recent top of three-four months back."
