Hold Suzlon Energy, says Ashish Kyal

Ashish Kyal of wavesstrategy.com told CNBC-TV18, "Suzlon Energy has been highly volatile. I mean it has moved right away from Rs 8 to Rs 30-35 in circuit and then we saw again a sharp move on downside from around Rs 32 back towards Rs 10 or Rs 11. So, it is going to be a very volatile stock and for someone who is a long-term investor who does not enjoy volatility, I would suggest to be out of it.""If the person is comfortable taking some risk, I would say maybe hold around 50 percent of the position and for remaining 50, invest in some well-known good company stocks like probably Sundaram-Clayton or other outperforming stocks which can give much better returns. So, the advice would be you hold on to the stock, but use a stoploss, use a stoploss in case it reverts back on downside. We never know it can again go back to the consolidation zone. So, use a stoploss of somewhere around Rs 17 or Rs 18," he added. "The level of Rs 35 has to be broken on upside which is a pivot high and the resistance, if it breaks Rs 35, then we can again expect some kind of a multi-fold return in this stock. Unless that happens, I am expecting a range bound movement and this stock has been all over the news over the past one year, but it has definitely not given the returns that the majority were expecting," he said.