Positive on Suzlon: Ashish Maheshwari, Globe capital market Ltd

Ashish Maheshwari, Director, Globe capital market Ltd, in a chat with ET Now talks about Suzlon.

What is your call on Suzlon?

I am optimistic on the future prospects of Suzlon. There is one good positive news that they have successfully raised this money. Besides this, one major trouble, which company was facing was FCCB conversion and gradually things are coming on track. Besides this if you see six months back, not too many bigger orders were flowing in for the company. But now if you see, recently they are getting order from China.

They recently got order from HPCL and yesterday also some 20 megawatt odd order they have got. So now it is regularly with improvement in economic scenario. Now order flows are also quite robust. So I am optimistic on this stock with a price target of 70.