Technical analyst Siddharth Bhamre of Angel Broking has maintained 'buy' rating on Suzlon Energy Limited stock with a target of Rs 58-60.

The analyst said that the stock can be purchased on dips to Rs 46-47.

Mr. Bhamre added that the stock has resistance at Rs 52.

The stock of the company, on April 04, closed at Rs 49.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 76.20 and a low of Rs 44.25 on BSE.

Current EPS is -6.19.

The stock of the company has gained considerably during the last two trading sessions amid market talk that international investment banker Barclays has been purchasing the company's scrips via open market purchases.

As per reports, Barclays Capital purchased 10.3 million scrips of Suzlon Energy for Rs 48 crore on last Friday.

The company is in the process of lifting up to Rs 5,000 crore via the issue of FCCBs that will be listed on the Singapore Exchange.

The floor price for the FCCBs conversion is set at Rs 46.05.