Buy Suzlon for Rs 70 price target: Ashish Maheshwari

In a chat with ET Now, Ashish Maheshwari, director, Globe Capital Market Ltd., shares his view on the outlook of Suzlon.

What is the call on Suzlon?

There is a barter kind of transaction that you are exiting from subsidiary and now you are entering into the parent. But it is a positive announcement as far as Suzlon is concerned. That is why the stock is going up. Last one month also, the stock was under continuous accumulation and the reason might be that in this quarter, you are going to expect no bad news from Suzlon and this time numbers are expected to be good. I am also optimistic on Suzlon with a price target of Rs 70 in the short term.