Buy Suzlon Energy at around Rs 46: Mehta

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.