Suzlon Energy Ltd: Charged up on new order win:

Atlanta Ltd having infrastrucutre, mining, real estate, Land Bank, etc . story hit the upper freeze.

Ennore Coke Ltd, Prajay Engineers Syndicate Ltd, Sicagen India Ltd, Glory Polyfilms Ltd, etc, should be accumulated on all declines.

The markets as mentioned yesterday formed a temporary bottom, which seemed to have been confirmed today.

Suzlon Ltd which is expected to get some sops from the Union Budget for FY10 (See below or previous writings in this blog), is doing extremely well today and is rising up with huge volumes. Today it signed 224 MW European framework order with EUFER.

Suzlon Wind Energy Ltd Espana SLU, Spain a wholly owned subsidiary of Suzlon Energy Ltd has secured a new framework agreement with EUFER (Joint venture between ENEL Green Energy and Spanish Utility UNION FENOSA for renewable energy business in Spain and Portugal) for supply and installation of Suzlon 2.1 MW wind turbines for wind farms totalling 224.5 MW. These machines are proposed to be installed up to financial year 2010-2011.

Suzlon Ltd also expressed its commitment to assit in the industrialisation plans for Andalusia with blade manufacturing facility. This is in continuation of series of orders it won in the last few days. The stock could again be moving towards Rs.110--120, in the next few trading sessions.