Jagannadham Thununguntla, Strategist & Head of Research of SMC Global Securities told CNBC-TV18, "People who started as short term investors were forced to become long term investors in Suzlon Energy. Even today's announcement or expectation of selling of some of their assets and repaying the debt probably will create small bounce and nothing more nothing less."
"We are expecting it to probably move towards Rs 12-13. Again there will be a bout of selling which is going to come because so many people are waiting eagerly to sell at every level. At Rs 12-13 just exit because the stock can be expected to move to much-much lower levels," he added. Also Read: Suzlon ready to sell assets to raise $400m: Sources
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