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

₹940 to ₹1,610: JM Financial sees a 71% upside in PVR Inox share price. Here’s why the brokerage is bullish on the stock
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Inox Wind shares spike 12.5% on securing 153 MW renewable energy order
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PVR Inox Share Price Today on 06-11-2024: PVR Inox share price are up by 1.1%, Nifty up by 1.12%
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PVR Inox Shares See Price Rise, But Nifty Falls
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Inox Green Energy to divest 100% stake in Nani Virani Wind Energy
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Inox Green Energy IPO opens on 11 November; details here
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Inox Green Energy IPO’s subscription this week. GMP, price band details inside
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