Moneycontrol
Last Updated : Jan 04, 2018 03:15 PM IST | Source: CNBC-TV18

Prefer KEC International, says Avinnash Gorakssakar

Avinnash Gorakssakar, Market Expert is of the view that one may prefer KEC International.

CNBC TV18 @moneycontrolcom

Avinnash Gorakssakar, Market Expert told CNBC-TV18, "My sense is at least for the next three to four quarters, I think Suzlon Energy would definitely face challenging headwinds. I think already the second quarter was quite dismal and in fact the market was not expecting poor show from Suzlon."

"Clearly within the wind market, tariffs have also come down quite significantly. So my suggestion is despite the fact that he might have to take a hit on his capital, I think other relatively better players within the power transmission space, something like a KEC International, would be a better choice. So I think here not only earnings visibility, but even the order book is very strong. I think the investor could make a better risk reward as compared to Suzlon. So, I think a switch should be advisable," he added.
First Published on Jan 4, 2018 03:04 pm
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