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Motilal Oswal neutral on Suzlon Energy
Posted on: July 1st, 2009 and is filed under Brokerage Recommendations.
Motilal Oswal has maintained its neutral rating on Suzlon Energy, with price target of Rs 95, in its report dated June 29, 2009.
“We have cut our FY10 and FY11 earnings by 36% and 31%, respectively, to factor in lower volumes and very high fixed costs. We are less optimistic about Suzlon’s ability to reduce fixed costs, and thus higher volumes would be the only upward risk to our estimates. Maintain Neutral with target price of Rs 95, based on 18x FY11 earnings for WTG, Hansen and REPower,” says Motilal Oswal’s report.
source: Moneycontorl
Tags: buy or sell suzlong energy, hold suzlong energy, hot stcoks, NSE Tips
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