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HomeSTOCKS₹162 Wind Energy Share Received New Wind Power Project; Double Return Expected

₹162 Wind Energy Share Received New Wind Power Project; Double Return Expected

Inox Wind Ltd (NSE: INOXWIND): Inox Wind Ltd has received a contract from a renewable energy-producing company for a 200 MW wind power project in Gujarat and Rajasthan. After this update, the company’s share price rose. 

The stock was trading in the range of 165 rupees per share. The stock hit a record high of 168.90 rupees.

In the last 5 days, this stock has jumped more than 12 percent. Whereas, in six months it has flown about 36 percent. 

On the other hand over the past year, the stock has yielded over 227%. Its 52-week high is Rs 177 and low is Rs 42.92.

According to PTI news, a statement from the company said that this project will be implemented in Gujarat and Rajasthan. The contract is for Inox Wind Ltd’s (IWL) latest three-megawatt (each) Wind Turbine Generator (WTG). 

Inox Wind Ltd will also provide ongoing operations as well as maintenance (O&M) services once the project has been completed.

Kailash Tarachandani, CEO, of Inox Wind, said, “I believe this reinforces our commitment to achieving substantial growth in FY 2024-25 and beyond.”

How Is The Move On BSE?

Inox Wind Ltd shares rose 6.66% to Rs 168.85 on BSE today, while the previous close price was Rs 158.30. Inox Wind Ltd’s market cap on BSE increased to Rs 21,310 crore. 

A total of 5.47 lakh shares of the firm was traded on BSE for Rs 9.03 crore. Inox Wind shares have a beta of 1.1 which indicates the average volatility for one year.

The RSI of the stock is at 63.4, which indicates that it is neither trading in an overbought or oversold zone. It is currently trading above the 5-day 10-days, 20-days, 30-day, 50-day 100-day 150-day, 200-day, and moving averages.

Inox Wind Ltd Stock Performance

Current Price₹ 162
52-wk High₹ 177 
52-wk Low₹ 45.8
5 Days Return12.90%
1 Month Return8.37%

Key Fundamentals Parameters

Market Cap₹ 21,082 Cr.
Stock P/E
Book Value₹ 13.0
Dividend0.00 %
ROCE4.25 %
ROE-1.71 %
Face Value₹ 10.0
P/B Value12.4
OPM15.4 %
EPS₹ -0.31
Debt₹ 3,248 Cr.
Debt to Equity1.91

Inox Wind Ltd Shareholding Pattern

Promoters Holding
June 202372.01%
Sept 202364.64%
Dec 202352.87%
Mar 202452.87%
May 202452.87%
FII Holding
Jun 20232.57%
Sep 20239.48%
Dec 20239.49%
Mar 20249.47%
May 202410.32%
DII Holding
Jun 20230.09%
Sep 20236.54%
Dec 20239.88%
Mar 202410.16%
May 20249.09%
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Public Holding
Jun 202325.33%
Sep 202325.34%
Dec 202327.76%
Mar 202427.49%
May 202427.71%

Inox Wind Ltd Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 760 Cr
2021₹ 711 Cr
2022₹ 625 Cr
2023₹ 737 Cr
2024₹ 1,743 Cr

Last 5 Years’ Net Profit:

2020₹ -279 Cr
2021₹ -307 Cr
2022₹ -483 Cr
2023₹ -671 Cr
2024₹ -53 Cr

Conclusion

This article provides a detail guide about Inox Wind Ltd share.

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

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