Inox Wind shares: JM Financial sees 23% upside in midcap renewable energy stock; initiates coverage with ‘Buy’
1 month, 1 week ago

Inox Wind shares: JM Financial sees 23% upside in midcap renewable energy stock; initiates coverage with ‘Buy’

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Inox Wind share price declined over 2% on Monday amid broader weakness in the Indian stock market. Brokerage firm JM Financial initiated coverage on Inox Wind shares with a ‘Buy’ rating, and a target price of ₹212 apiece, based on FY27 earnings implying 24x P/E on FY27E. With a manufacturing capacity of 2.5 GW and an order book of 3.3 GW, Inox Wind holds inventories of project sites with a potential to install 5 GW of WTGs, providing good revenue growth visibility over the next 2-3 years, JM Financial said. Inox Wind Stock Price Trend Inox Wind share price gained over 2% in one month, while the renewable energy stock is down 9% year-to-date. In the past six months, Inox Wind shares declined 20%, while the mid-cap stock gave 15.5% positive returns in one year.

History of this topic

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