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Date: November 25, 2008
Ref. No. MPML/BB/203/060/2008

 

Dear Sir,

Indian markets were volatile and circumspect yesterday. There is less down side left in the market. Despite less dependence on exports and sound financial system not exposed to subprime, equity markets in India have also fallen (by 56% YTD) along with the world markets. Current valuations are very attractive for good investment. Hence we suggest you to buy Suzlon Energy Ltd on decline, near to its 52 week low of Rs.42/-.


Suzlon Energy Ltd. :

CMP
47
52 Week High
460
52 Week low
42
Market Capital
8667 Cr
P/E
9.71
B/V
46.37

Suzlon is currently standing with a Strong order book position with Rs16500 cr. of orders to be executed over the next two years. There is Strong industry growth prospect to drive demand going forward. The company has a Significant capital expenditure plans to drive top line growth going forward. There is increasing level of backward integration which will help boost volume growth as well as margin expansion going forward.

At current level the stock is undervalued and holds strong potential for upside. Suzlons Energy Ltd's 52 Week high is Rs.460 and currently the stock is trading at Rs.47. that means Suzlon has lost almost 90% from its 52 week high. There is a strong potential for upside in this stock. We suggest you to buy maximum Quantity of suzlon Energy Ltd on decline & near to its 52 week low if Rs.42/-.

Awaiting your Quick Response.

Thanks & Regards,
PMS Department