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Suzlon: Is it advisable to hold for 5 years?
Respected experts, I am holding 3500 shares of Suzlon at Rs. 24 for a 1-year target. Is it advisable to hold for 5 years? I would be grateful if I get technical as well as fundamental views.
28 Jun, 2017
Suhani Adilabadkar says : Dear investor, Suzlon Energy Ltd has returned to growth from September quarter FY17. Though high debt has been a major concern area for the company, its consolidated long term debt has been reduced by 48% as on March 2017 compared to same period previous year which is major positive for the company in the long run. Suzlon is a long term bet in case debt is reduced further and profit growth continues in the same momentum. You can wait for the first quarter FY 18 results for further clarity and take a call for long term.