'Buy' Inox Wind Shares For Potential Upside Of 35% Says Axis Securities

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Axis Securities Report

We assign a target P/E multiple of 30 times (Unchanged) to our FY27 EPS estimate of Inox Wind Ltd. After adjusting for the minority stake in Inox Green Energy Services Ltd. and Resco Global (~7%), we arrive at a target price of Rs 190/share.

We maintain our Buy rating on the stock, with a potential upside of 35% from the current market price.

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