February 23, 2007

Buy Suzlon Energy: Edelweiss Research
Broking house, Edelweiss Research is bullish on Suzlon Energy and has recommended buy rating on the stock.
Edelweiss Research report on Suzlon Energy:
Suzlon’s stock performance prices in all negatives
Post the recent announcement of Repower’s friendly bid offer, Suzlon’s stock has been battered down on the bourses and is down by 16% from its high of INR 1245. Based on Suzlon’s bid, the consolidated EPS for FY08E and FY09E reduces by 5.4% and 4.2%. In case, one were to assume that Suzlon were to bid at 30% higher in the event of Areva hiking its offer, the consolidated EPS would stand reduced by 8.5% and 7.3% respectively.