Limited stock with a target of Rs 55.20.
The analyst added that the interested investors can buy the stock with a stop loss of Rs 51.
On July 21, the stock of the company closed at Rs 52.55 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 66.30 and a low of Rs 44.25 on BSE.
Current EPS is -3.90.
Wind turbine manufacturer Suzlon Energy has planned to get hold of the resting minority equity stake in German entity REpower Systems AG for euro 63 million.
The deal would be done via Suzlon's step down completly-owned arm AE-Rotor Holding B V (AERH).
Suzlon possesses 95.16% equity stake in REpower and now decides to takeover the resting less than 5% shareholding.
"The total cash compensation payable by AERH to REpower minority shareholders is expected to be around 63 million euros," the company said.
A resolution on the squeeze-out is likely to be passed during the AGM of REpower that is to be held on September 21.
"Under German Stock Corporation Act, a shareholding of 95 per cent in a German stock corporation enables the majority shareholder to initiate squeeze-out proceedings in respect of minority shareholders," Suzlon had said earlier this year.
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