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Buy Suzlon Energy for long term: Prakash Gaba

Prakash Gaba of prakashgaba.com suggests buying Suzlon Energy with long term view.

May 31, 2016 / 15:30 IST
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Prakash Gaba of prakashgaba.com told CNBC-TV18, "I would say that do not indulge into trading, become an investor. Suzlon Energy has bottomed out and bottomed out closer to around Rs 13. So, now it is trading at around Rs 16, so Rs 3 is the only downside it could have. But even if it does come down Rs 14-15 is the strong support zone. One could indulge into buying, and hold for long-term.""When it starts going up, the target that I have, it may take a couple of weeks, couple of months for that. It is around Rs 21. That is the minimum bet I am looking at. Between Rs 21 and Rs 25, there is some kind of pressure out there, but long-term, one is going to make money, downside is limited to just Rs 3 or so. So, I think one should hold on. Buy, hold on, two things," he said.

first published: May 31, 2016 03:30 pm

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