Hold Suzlon Energy, says Gaurav Bissa

Gaurav Bissa of LKP Securities told CNBC-TV18, "Suzlon Energy is trading near its crucial resistance level and it's trading below the 100-day moving average (DMA), which is placed at Rs 16 odd level. We have seen on multiple occasions that the stock has witnessed some amount of retracement from those levels, so that might be another reason why the stock is down."

"The stock was up on account of the fundamental developments that came out couple of days back, the volumes have been good so the investor can hangout but until and unless it continues to trade above Rs 16, I would not see a significant upside or other pick up in the momentum coming in the stock. So, hold on for the time being but until and unless if it fails to trade above Rs 16 then I would recommend exiting the stock. The investor can hold it for a time being but one will have to be very careful, very watchful about the stock," he added.

Disclosure: Analyst  has no personal holdings in the above stock but it is possible that he may have recommended it to the clients at LKP Securities.