Moneycontrol
HomeNewsBusinessStocksExit Suzlon Energy, says Nooresh Merani
Trending Topics

Exit Suzlon Energy, says Nooresh Merani

Nooresh Merani of Asian Market Securities is of the view that one may exit Suzlon Energy.

March 15, 2016 / 15:21 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Nooresh Merani of Asian Market Securities told CNBC-TV18, "In Suzlon Energy we had a bunch of supports around Rs 18 odd levels which were broken in the last few months and post that the downtrend has continued and has not even seen enough of a bounce back even on recovery in Nifty in the last few sessions, so we see an exit even on a trading point of view and even as an investment.""We can only look back into the company on a technical basis once it starts trading above Rs 18-20 levels. So I would suggest an exit even at current levels where the losses are minimal and there could be better alternative opportunities," he added.

first published: Mar 15, 2016 03:21 pm

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!