Hold Suzlon Energy, target Rs 20-21: Rajesh Agarwal

Rajesh Agarwal of Aum Capital told CNBC-TV18, "In Suzlon Energy it is too difficult to take a call at this point of time for a long-term hold because we need to see how consistent the numbers are. We agree that this quarter the numbers have been good, interest rates has been going down for FY16, we have seen around 40-45 percent cut in interest cost and the company is very aggressively trying to put things in good order.""They are trying to come out with loss-making units, they have sold off their German ventures but still we would like to have one-two more quarters of consistent performance before we give a buy call. As far as current position is concerned, I think one can take a call for next one quarter and stay with the stock. Maybe a target price of Rs 20-21 in the near-term would be quite positive. More than that, I would say take a call after at least two quarters," he added.