Suzlon can recover on tomorrows trade

Suzlon down 33 %  today on promoters stake sale. There is good chance for recovery tomorrow .When we looking at budget there are lot of good news for wind energy companies. Presenting the union budget for 2013-14 in the parliament, Chidambaram said: "The non-conventional wind energy sector deserves incentives. Hence, I propose to reintroduce generation-based incentive for wind energy projects and provide Rs.800 crore to the ministry of non renewable energy for the purpose." 

Also all the shares are bought by Morgan Stanley. So Its a good signal for future growth.

Other good reasons for buying Suzlon at this level

1) RE Power is doing wonderful. 2012 was the record year for Europe.
2) CDR approval is done.
3) 1800 cr. liquidity is available to the company.
4) Promoters have arranged 250 cr for CDR
5) FM has reinstated GBI.
6) PSU companies like ONGC are giving orders.
7) Gujarat is going for first offshore installation.
8) World economy is improving.
9) Inflation is coming down and hopefully interest rate will come down.
10) Suzlon has inched up further in global rating.
11) Chinese companies are not able to compete globally due to lack of product portfolio.
12) China has come up with a big bang plan for wind energy.