Buy Suzlon Energy Stock
September 28, 2010 | In: Mid Cap Stocks, Stocks To Buy
Suzlon Energy is a leading wind power company worldwide. Suzlon Energy makes power through renewable source and renewable energy is the future of this world. So from a long term perspective, Suzlon looks like a good investment to me.
If I talk about the stock price of Suzlon Energy, the stock is trading near its all time lows of 50 rupees per share. From the current rates, I feel that the downside is very much limited from current levels and if there is a move, it can only be on the upside. One can invest into Suzlon Energy from a long term view, it could be a very profitable investment at current levels.
If we take a look at the results of Suzlon Energy, it was doing pretty good till 2008 where it reported a sales turn over of 7000 crores and a net profit of 1250 crores. Now that is really awesome. However 2009 figures reported a net loss of 470 crores and 2010 was a drastic 1400 crores net loss. In the last 2 years, the reason of showing losses is because of huge expenses and interest numbers.
Now as far as I believe, this is not going to continue for very long, because company will definitely work hard to improve their fundamentals in future. The stock only fell to such low levels is because of consistent bad results and once the fundamentals of the company improves and it shows profit, the stock is so bottomed out that it will rally like anything. I personally feel that the stock has a great future and it can go upto pretty high levels but you will need to have patience with the stock and must hold it for a very long term.
Buy Suzlon Energy at current levels and hold for a long term, you will surely make nice profits in future.
Related posts: