Here is a verbatim transcript of Udayan's comments on CNBC TV18. Also see the accompanying video.
 
Suzlon Energy had a big pullback of 20% and one will continue to see this kind of spectacular pullbacks in the stocks, which have got butchered the most. One saw it in Hindalco over the last two or three sessions, a nice pullback there and Suzlon happened yesterday. There could be more because just look back to how much Suzlon has lost. It has got whittle down to 10% of its peak marketcap or something close to that.
 
So from those kinds of levels in percentage terms the rallies will look good. Even assuming that the company will report Rs 6 earnings this year, which is a whole lot lower than what we started the year with, it is still trading at between 9-10 kind of P/E multiple. So in this pullback can Suzlon get back to Rs 75-80? It is entirely possible as some of the shorts cover out and one will see a bit of buying from beaten down valuation levels.
 
The business is still quite suspect after what has happened over the last few weeks. I think if one wants to play beyond the trading pop which might play out for the next day or two, one is better off looking at better businesses.

These stocks like Suzlon and Hindalco will give you that recalibration because they got over hammered. But once they come back to even a semblance of close to fair value or reasonable short at a fair value which would be around Rs 75-80 for both Hindalco and Suzlon. I suspect you will see the traders logging out and investment buying will probably not follow. So play for the pop but do remember to get out when you do get it in a couple of days.