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  1. HSBC downgrades Suzlon Energy

HSBC downgrades Suzlon Energy

HSBC downgrades Suzlon Energy to "hold" from "overweight".

By: | Updated: April 10, 2015 11:16 AM
HSBC, Suzlon energy, hsbc suzlon energy, hsbc downgrades, hsbc on suzlon energy, suzlon energy india, companies news

Suzlon rose 2.5 pct on Thursday on rival Inox Wind’s & lt; IPO-INWN.NS >. (Reuters)

HSBC downgrades Suzlon Energy to “hold” from “overweight”.

Says potential large foreign currency bonds conversion, 35 pct of FY15 equity, will likely restrict near-term stock price upside.

Stock had 2 buy ratings only – Thomson Reuters Eikon data.

Suzlon rose 2.5 pct on Thursday on rival Inox Wind’s & lt; IPO-INWN.NS > market debut.

Also, Nomura recently started coverage on the stock with a “buy” rating and a target price of 38 rupees.

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