Wednesday, 29 October 2008

Avoid Suzlon Energy: Vijay

Portfolio Manager, PN Vijay is of the view that one should ignore Suzlon Energy.

Vijay told CNBC-TV18, "When there is so much available at bargain bottom, Suzlon’s model is a risky model. When an Indian company puts major portion of its assets abroad where so many environmental, so many technical issues are involved and it is not a Birla or a Tata with deep pockets who is doing it; it is the first generation entrepreneur, you are having a very high risk level on that stock. I think that novelty of seeing all these windmills and all that is gone now, it is just one more stock. So I think one would better ignore Suzlon.

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.

Source: Moneycontrol

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.