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Motilal Oswal neutral on Suzlon Energy

Posted on: July 1st 2009 in 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 …

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