Alongside Suzlon, state-run BHEL is expected to have a positive quarter with a 12% revenue rise, driven by a pickup in execution and increasing share of new orders, the brokerage said.
Suzlon, Waaree: Domestic brokerage firm Centrum Broking has initiated coverage on select renewable energy players as India's power sector is entering a strong demand cycle.
Stocks like Coal India, JSW Steel, IRB Infra, NTPC, RailTel, Thermax, ACME Solar, Band of Baroda, NLC India, GR Infra TVS Motor and more will be in the spotlight on Monday, March 30.
Technically, Suzlon's counter is trading below the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day simple moving averages (SMAs).
Companies like Adani Green, Jindal Power, JSW Energy, and Adani Power Ltd are currently leading the pack in the Day-Ahead Market (DAM) segment, as per market share, the brokerage noted.
Vodafone Idea Ltd (VIL), State Bank of India (SBI), Tata Steel Ltd and YES Bank Ltd are among 17 of the 20 stocks with the highest number of retail investors that have fallen up to 15 per cent since February 28.
From the defence space, Jain prefers Bharat Electronics Ltd (BEL) and Mazagon Dock Shipbuilders Ltd, noting that the sector has already undergone a meaningful correction over the past several months.
The rising military conflict in West Asia between the US-Israel and Iran had triggered a sharp boil in crude oil prices, with ample fears of shortage of supply of natural gas through Straight of Hormuz.
"Given the current geopolitical developments, we envisage higher probability of a scenario of persistently high LNG prices and intense summer," JM Financial added.
Despite the broader market sell-off on Wednesday, Suzlon Energy managed to settle in green after a sharp beatdown lately. Suzlon shares settled at Rs 41.67, rising nearly half a per cent.
Suzlon's stock traded below 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day simple moving averages (SMAs).




