Quick Read
Summary is AI Generated. Newsroom Reviewed
-
Shares of Inox Wind rose after selling Rs 175 crore stake in EPC subsidiary Inox Renewable Solutions Ltd
-
Inox Renewable Solutions' valuation was Rs 7,400 crore; buyer names were not disclosed
-
Inox Wind's Q1 profit more than doubled to Rs 97.34 crore
Shares of multibagger counter Inox Wind Ltd. rose after the company sold stake worth Rs 175 crore in its EPC subsidiary, Inox Renewable Solutions Ltd., at a valuation of Rs 7,400 crore. The names of the buyers have not been disclosed.
Through its subsidiary, Inox Renewable Solutions, IWL provides EPC services for wind projects and develops common infrastructure, including power evacuation infrastructure, for renewable projects. The revenue of IRSL and its units contributed 6% in the consolidated income of Inox Wind in FY25.
Inox Wind share price added nearly 6% intraday to trade at Rs 148.2 apiece on Tuesday. The total traded volume so far in the day stood at 8.4 times its 30-day average. The relative strength index was at 41.
The stock has fallen 30% in the last 12 months and 18% on a year-to-date basis. The scrip is down 42% from its all-time high of Rs 259 in September 2024. In the last five years, Inox Wind has risen 1,300%.
Inox Wind share price added nearly 6% intraday to trade at Rs 148.2 apiece on Tuesday.
Inox Wind share price added nearly 6% intraday to trade at Rs 148.2 apiece on Tuesday.
Inox Wind Price Target
Six analysts who track Inox Wind recommend a 'buy' on the stock. Systematix Group has the highest price target of Rs 227, followed by Motilal Oswal's Rs 207.
Inox Wind is a fully integrated wind energy player with an order book of 3.2 GW. It has an execution target in FY26 of more than 1,200 MW.
According to Nuvama, the company remains a key Commercial and Industrial segment player and benefits from a duopolistic market in wind EPC and wind turbine manufacturing. It is riding the tailwinds of RTC (Round-The-Clock), FDRE (Firm and Dispatchable Renewable Energy) and C&I demand in India.
RECOMMENDED FOR YOU
Inox Wind Q1 Results: Profit More Than Doubles To Rs 97.34 Crore
Aug 14, 2025
FPIs Turn Net Sellers Despite Near 1% Rise In Nifty, Sensex
Aug 11, 2025
Inox Wind's Rs 1,250-Crore Rights Issue To Open On Aug. 6
Jul 23, 2025
Inox Wind Gets Approval To Raise Up To Rs 1,250 Crore Through Rights Issue
Jul 17, 2025
POPULAR