Jai Thacker of ICICI Securities said he prefers Suzlon's peers like ABB, Siemens and Hitachi Energy over Suzlon itself despite its oversold state

Mon 12 Oct 2026

Heard on business television between 15:44:17 - 15:47:17 IST.

• Jai Thacker noted Suzlon is oversold and has fallen to the lower end of its range, but heavy short positions remain built up.
• He said a reversal or short covering is needed to change the overall trend, and a day or two move won't be enough.
• He preferred peers like ABB, Siemens, Hitachi Energy and BHEL within the capital goods/electrical equipment space, citing good long buildup in these names.
• He said he would wait before taking a long call on Suzlon, instead favoring its relatively better-performing peers.

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