Remain invested in Suzlon Energy: Vishal Malkan

Vishal Malkan of malkansview.com told CNBC-TV18, "We had seen some good momentum in last couple of quarters on Suzlon Energy with good volumes and there is a good accumulation pattern on weekly as well as monthly charts. So I would definitely recommend to hold on the stock although we can have a stoploss of around Rs 24 which is an important support, if it breaks then we can go back to Rs 20-21 levels. However, on the upside if we hold on to the stock and we can see targets of around close to Rs 38-40 in the next 2-3 quarters."

At 15:18 hrs Suzlon Energy was quoting at Rs 27.60, up Rs 1.20, or 4.55 percent.

Disclosure: Analyst doesn't hold the above stock.