Atleast it breaks the jinx of falling after results. Good results and a good breakout. Its heartening to see that Tanti is backing his words with action. In a backdrop of lackluster macro and micro environment, Tanti kept mentioning that none of their PPAs are getting cancelled or renegotiated. The negative media made everyone believe that wind sector is doomed. But being the only player bucking the trend, Suzlon has shown resilience.
The industry would continue to remain slow for next 1-2 quarters but I have always believed that if Suzlon continues to execute its orderbook, it would sail through this rough patch with minimum damage. My believe is reinforced after current quarter results and the breakout thereafter.
It is noteworthy that no other player in Wind sector, not even Gamesa, has delivered good set of numbers this quarter. I can only imagine that if in lean period and in weakest of quarters, Suzlon management has braced up to the situation with such finesse, then Suzlon is very well prepared for the upcoming long haul in the energy sector. And by long haul I do not mean years but decades of growth to come.
Another tag that there are many other better opportunities to pursue other than Suzlon, is getting overrated now. I have a belief that market has run up and the next phase of growth may not be coming from the regular midcap gems but from the turnaround minnows like JPA, GMR and Suzlon, which will play upon the infrastructure theme much touted by Porinju (in his tweets and interviews) and others lately.