Great analysis, as always.
While there is enough comfort on the future order outlook (unless the current government does not come back to power), my concerns remain on execution of the orderbook. Suzlon’s last 2 quarter concalls have been trying to draw attention to this point. If the execution challenges continue on the ground, stock will be down graded considerably as soon as bull market euphoria ends.
For now, I am waiting on sidelines for either valuations to further cool down or get some signs on execution challenges being resolved.
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