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Last Updated : Jan 05, 2018 03:22 PM IST | Source: CNBC-TV18

Suzlon Energy may move to Rs 30, says Vijay Chopra

Vijay Chopra of enochventures.com feels that Suzlon Energy may move to Rs 30.

CNBC TV18 @moneycontrolcom

Vijay Chopra of enochventures.com told CNBC-TV18, "It happens that stocks remain range bound for a long time. In these times, when pollution is increasing and we have issues over hydel power and coal based power. So renewable energy is going to be the talk of the town in the years to come. But again, my only worry about renewable energy is that the tariffs have been falling."

"We have heard of power purchase agreements which are as low as Rs 2.5-2.6 per unit, so this is pretty low. And making profits in such a case is a bit difficult. But again, if you look at the entire valuation of the company, of the kind of assets it holds and with the change of hand in the management, I think that this consolidation probably can go on for some more time, but again it is a potential, it can double up from here. So my personal target for Suzlon is Rs 30. Definitely Rs 22-23 can be seen in this stock. But again, consolidation could be there for some more time," he said.
First Published on Jan 5, 2018 03:22 pm
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