suzlon-first thing which come in mind LOSS but fundamental as well as technical both saying a whole new story about the stock. lets analyse fundamental first FUNDAMENTAL ANALYSIS · Order book as on date stands at 1,562 MW including 231 MW from Solar, which is extreme bullish sign for company at-least for 3-4 quarters. · Net Debt reduced by Rs. 341 crores in FY17 despite growing volumes along-with rigid CDR plans. ·Consolidated customer advance stands at Rs. 793 crores which reflects the good quality of order back-log including zero order cancellation in last 3 quarters. · FY17 EBITDA of Rs. 2,203 crores, EBITDA margin of 17%, where as industry margin is shrinking at 8%. · Q4 FY17 Rs. 4,999 crores against Rs. 3,246 crores in Q4 FY16 indicating a flourishing operating performance. · EBITDA margin of 17% at Rs. 2,203 crores; registering a growth of 64% for the full year acclaiming to be the highest in last 5 years. · FY17 volumes of 1,779 MW grew by 99% as against industry growth of 47%. · Total Expenditure 4076 VS 2999 (Marginally lower expenditure) Net Profit 597 VS -324 (Posted a handsome profit against the losses) · EPS Basic 1.15 v -0.67 (Earning per share turning positive) Conclusion: (Apply “Buy right & sit tight”) Enormous performance by team tanti since 2012!! Demonstrating a sustainable turnaround for investors!!
TECHNICAL analysis stock on weekly chart after breaking triangle at 14 is in continuous uptrend taking support at upward trend line . stock has immediate resistance at 22.5 on daily chart which wil be our first target . crossing that we can expect 24,31 as our positional target traders can buy at this level with 19.5 as sl for 23 investors buy and sit tight . regards (this is entirely my view i can be completely wrong * i m not a registered sebi advisor )
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