Hi,
I've got my eye on Suzlon. Experts say it may go to 60-70, or 70-80. Just dipped below 90.
Issues are Q1 report wasn't good and management tell us that business will be flat over the next 3 months because of downturn and lack off requirement for their Wind Turbines.
They have 1,500 MW of orders currently so I'm looking to add to my portfolio for long term within the next few months.
NTPC is another to look at as it has a reasonable PE and is getting into a joint venture with NHPC which IPO'd today, in Hydroelectric power.
Markets turned down and no great news to push Suzlon price so it could reasonably go lower.
Hope this helps.
Class.