Profit

Suzlon remains a weak stock, contra play possible: experts

PUBLISHED ON: February 26, 2013 | Duration: 11 min, 52 sec

   
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Market experts Siddharth Sedani, AVP (portfolio management service) at Microsec Capital Ltd, and V Sundar Raja, technical analyst and columnist, www.sundartrends.in, tell NDTV Profit that Suzlon has a weak technical chart and fundamentals of the company are unlikely to brighten up anytime soon. Therefore, they advise investors to exit Suzlon. However, Mr Sedani suggests that if the risk appetite is high, one can use Suzlon as a contra play. A contra stock is one which performs well in a bear market, but underperforms in a bull market.
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