Suzlon Energy Get Update Share Price Analysis Trend For Long Term
Suzlon Energy share value news update for making onward has tumbled around eleven p.c during this we tend took and if we blow over the exchange consultants, the Suzlon energy stock analysis is anticipated to additional plunk because the counter is each technically and basically weak in keeping with the exchange consultants, the recent bond default to the tune of Rs 1300 large integer has done additional harm to the trader's sentiment. Since the corporate is facing a squeeze there are murmurs that the counter might become another Jet Airways of the exchange. once the free-fall of Jet Airways share value SEBI had to withdraw Jet Airways shares from the money phase to make sure the protection of the tiny investors.
Advising exchange investors to avoid taking any position within the Suzlon Energy shares Prakash Pandey, Head of analysis at Fairwealth Securities aforementioned, Fundamentally, Suzlon Energy shares are quite weak and its Saturday's bond default of Rs 1300 large integer has additional hit the exchange sentiments. the corporate is facing fund crisis and goes through one among the toughest phases of its existence. He aforementioned that as within the case of Jet Airways bankers face similar reasonably financial Suzlon energy share price update trend for condition more expected equality measure drawback within their Suzlon Energy.
Simi Bhaumik, a SEBI registered technical equity analyst told alphabetic character Business online Technically, Suzlon Energy share value is very pessimistic and that Suzlon energy stock prediction for long term market investors to avoid any get decision in respect to the Suzlon Energy shares and exit at current levels because it would additional go southward in future trade sessions.
Jet Airways share value decreased from around Rs 275 per stock levels to Rs 42.70 at 10:13 AM within the next months. The aviation counter witnessed a pointy decline in its value at Indian indices once the news prisonbreak of its bankruptcy and series of delay in payments together with salaries of its staffs. Suzlon Energy for long term investment fund too proclaimed last weekday that it had did not pay $1,72,00,000 near Rs 1300 crore bank bonds citing. The company has not created the payment of the principal quantity of the outstanding bonds being US$ 172,00,000 that was due on 16 July 2019 in accordance with the terms bonds.
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