The wind turbine manufacturers association says that only 228 mega watts were installed in Q1. Therefore, Suzlon installation may be around 100-125mw, which will not be enough for the company to have a positive eps for Q1.
If we go by the above news item, then Q2 too may not be to the liking of the market. Looks like what the mngt of Inox wind had predicted about there being no installation in Q1 and Q2 is turning out to be correct.
It is quite pissible for the stock to go down after Q1 results.
Those who have read The Dhando Investor by Mohnish Pabrai would do well to remember that the best investment opportunities arise when sectors with good future prospects suffer short term hicups. If Suzlon falls in the next 2 quarters, that would be a very good investment opportunity. Even the Wind Turbine manufacturers association agrees that the situation will be much better from the next financial year onwards…