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Last Updated : Feb 21, 2018 02:56 PM IST | Source: CNBC-TV18

Exit Suzlon Energy, says Shahina Mukadam

Shahina Mukadam, Independent Market Expert advises exiting Suzlon Energy.

CNBC TV18 @moneycontrolcom

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "In the sense revival, I was hoping that Suzlon Energy would show a revival because they were showing profit some quarters back. But if you see the quarter numbers they were so disappointing, back into losses. The balance sheet is very weak."

"The debt is so high at Rs 11,000 crore and it has got a negative net worth of Rs 6,800 crore and odd. I don’t see in this current market that any one should be holding such a high debt company. It is better to just book the loss and switch into some other sector where I think now we are getting stocks at reasonable valuation," she added.

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First Published on Feb 21, 2018 02:56 pm
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