Shahina Mukadam, Independent Market Expert advises exiting Suzlon Energy.
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.The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .