INOX Wind

Just one small correction to this statement:

Suzlon does not participate in bidding with SECI. Power producer players do that and they in turn reach out to companies like Suzlon, Inox etc for setting up the wind energy turbine and infrastructure.

If the mandate from Govt is indeed to bring back reverse auction then it can in theory result in many more power producer players jumping in with unviable bids that then do not get converted into actual on-ground infrastructure setup which in turn means Suzlon, Inox etc may not get orders commensurate to the bids awarded by SECI.

Rest of your response content is spot on (as always)!

I exited Suzlon today and Inox a few weeks earlier. Whether that purported letter is true or rumour, given the sky high valuations (both for the market and wind turbine companies in particular), the sentiment damage has been done. Unless we get clear clarification from Govt denying the letter and its content or some major positive news comes in, these shares will continue to trade in a range. Might play upper circuit/lower circuit game for some time. To make any more substantial gains (like doubling from this price point), we need a fresh gush of liquidity to come in, which looks unlikely in short run given that election overhang is also there.

I hope I am wrong in my thought process, but past experience makes me think otherwise! Hence exited for now (was painful to let go) to protect the profits.