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Last Updated : Feb 16, 2015 11:19 AM IST | Source: CNBC-TV18

Prefer Suzlon Energy: Mehraboon Irani

Mehraboon Irani of Nirmal Bang Securities is of the view that one may prefer Suzlon Energy.

Mehraboon Irani of Nirmal Bang Securities told CNBC-TV18, "Suzlon Energy is a stock which we have liked only from the angle of people who want to take punts in stocks like JP Industries, Punj Lloyd, Suzlon, IFCIUnitech. If you want to pick up one particular stock from this entire basket it should be Suzlon because somewhere along the line despite the fact that the balance sheet has been in a very bad shape, serious attempts have been made to possibly work on it."

"It belongs to a segment which ultimately could come into focus especially under the new government and now the answer is very clear with Sun Pharma taking interest directly or indirectly in this company. At Rs 18-20 the stock possibly could turnout to be a multi-bagger
though I am not asking investors especially who believe in pure fundamentals to go and buy into it. However, 5 percent of your money, I always believe should ride in such type of stocks where it can possibly give you much better returns than what the overall market can give
you. Suzlon according to me qualifies as a bet in that particular segment," he added.

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First Published on Feb 16, 2015 11:17 am
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