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Suzlon Energy has target of Rs 87: Sukhani

22 Dec 09 10:58 AM
Money Control
Suzlon Energy has target of Rs 87, says Technical Analyst, Sudarshan Sukhani.

Sukhani told "Suzlon Energy has been outperforming the market. It made a low of Rs 52 and then bounced up to Rs 85 in just one and a half months. That shows that probably the worst is over. It shows that, in the short term it has a lot of strength.”

He further added, “Now as the Nifty is making 25 day lows Suzlon is not doing that. It is probably the outperformer in the entire F&O lot. I have long positions in Suzlon. The target could be Rs 87. If the market even stays steady, I think the stock could go up."