Stock Update - Suzlon Energy.

>> Wednesday, November 12, 2008

I had recommended Suzlon Energy which is giving negative returns and had tumbled 13.8% yesterday.
The reasons behind this fall are -
Markets fell 6.6% i.e. 696 points.
SEBI on Monday ordered investigation of Suzlon IPO.
The stock rose 20% on Nov 3rd as the news came out that the company stake purchase of 22.48% in RePower was on track.
Over the past two months Suzlon energy has lost 73%.

Now I think this scrip is a good buy at a range of 48 - 52 for long term investors.