Rajat Bose of rajatkbose.com is of the view that one may exiting Suzlon Energy at around Rs 20-22.
Rajat Bose of rajatkbose.com told CNBC-TV18, "If you are a short term investor in Suzlon Energy, in that case it has tested the 200-day moving average around Rs 18 and it is bouncing back. So if you get Rs 20-22 kind of levels, then there you get out. Otherwise, suppose you would continue with Mr. Shanghvi and stay put here for five years, if you look at the long term chart, it suggest that those who have the appetite for taking big risk, then that multi-bagger thing might well happen."The share touched its 52-week high Rs 22.25 and 52-week low Rs 12.47 on 22 May, 2017 and 09 November, 2016, respectively.Subscribe to Moneycontrol Pro and gain access to curated markets data, exclusive trading recommendations, independent equity analysis, actionable investment ideas, nuanced takes on macro, corporate and policy actions, practical insights from market gurus and much more.