Avoid Suzlon Energy, says Ashu Madan

Ashu Madan, President of Core Client Group at Religare Securities advises to avoid Suzlon Energy .

Madan told CNBC-TV18, "Suzlon Energy - Generally I have seen that just because a particular stock with price corrected sharply and is cheaply available, people tend to get carried away with Rs 10-20 stock and looking at the correction. That's not the way one should invest in stock because normally people buy in quantities and then end up on the losing side."

"So, it is a very sorry state but no hopes. There could be some bounce back because of some oversold condition, and a couple of rupee here and there he might get on the upside but otherwise no reason to be in Suzlon Energy," Madan added.

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