Buy Suzlon Energy at around Rs 46: Mehta
Buy Suzlon Energy at around Rs 46, says Jitendra Mehta, Edelweiss.
February 04, 2011 / 15:51 IST
Buy Suzlon Energy at around Rs 46, says Jitendra Mehta, Edelweiss.
Mehta told CNBC-TV18, "We have seen Suzlon taking support around Rs 46-47 consistently. And we have also seen that around Rs 52-55 it gets sold off. I think if it decline to about Rs 46 then one can use this opportunity to buy, but then otherwise, pretty much sideways."The company touched its 52-week high Rs 82.35 and 52-week low Rs 43.00 on 08 Mar, 2010 and 26 Nov, 2010, respectively. Currently, it is trading -41.71% below its 52-week high and 11.63% above its 52-week low. Its market capitalisation stands at Rs 8,468.62 crore. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
