Friday 7 November 2008

Buy Suzlon Energy: R Shah

Rajen Shah, Chief Investment Officer of Angel Broking is of the view that one can buy Suzlon Energy.

Shah told CNBC-TV18, "We have been staying away from Suzlon Energy, which is quoting at fancy valuations for almost about eighteen months and between. But now we have started liking a lot of frontline stocks and Suzlon obviously is quoting at about 11 times. It has never traded so cheap in the past. I think in the worst case scenario we do expect it to report about Rs 5.5 maybe Rs 5.75 kind of earnings for the current year. It is quoting at about 11-12 times the earnings. So I think I would certainly go ahead and buy Suzlon at current levels."

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

Source: Moneycontrol

Posted by Harsh at 07:24

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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.