HSBC downgrades Suzlon Energy

Reuters | Updated on January 23, 2018 Published on April 10, 2015


HSBC downgrades Suzlon Energy to "hold" from "overweight".

Potential large foreign currency bonds conversion, 35% of FY15 equity, will likely restrict near-term stock price upside, says HSBC.

According to Thomson Reuters Eikon datat, stock had 2 buy ratings only.

Suzlon rose 2.5% on Thursday on rival Inox Wind's and Nomura recently started coverage on the stock with a "buy" rating and a target price of Rs 38 rupees.

Published on April 10, 2015
This article is closed for comments.
Please Email the Editor