35% sale is going to give a major trigger for Suzlon: Ashish Maheshwari

Ashish Maheshwari, Director, Globe Capital Market Ltd. in an interview with ET Now talks about Suzlon.

Going forward, Suzlon will this prove to be a turnoff for them with this 25% sale that they are going to make?

No, this is also going to give a major trigger for the stock. If you see their this quarter numbers, they were quite disappointing and on top of it, so much reduction in the sale is something worrisome for the company and in my view, the problems are, now they are facing a stiff competition among themselves in the windmills manufacturers.

Beside this, Indian corporates are now more concerned or they are more excited for their own business investments in the capex side and instead of putting the windmills, so this is something, which is putting even their sales on lower side and still they are not out of the financial mess, so in my view, still there is a sale and it does not deserve a look.