Buy Inox Wind, target price Rs 202: IIFL Securities
IIFL Securities has issued a buy recommendation for Inox Wind, with a target price of Rs 202, implying an upside potential of around 3.8%. The current market price of Inox Wind is Rs 194.43. The brokerage believes that the company's strong order book, focus on renewable energy, and cost optimization efforts will drive growth in the coming quarters. Inox Wind is a leading wind turbine manufacturer in India and has a significant presence in the global market.
About Inox Wind:
INOX Wind Limited is a leading Indian wind energy solutions provider, listed on the National Stock Exchange of India (NSE). Established in 2006, the company offers a wide range of products and services, including wind turbine design, manufacturing, and installation, as well as wind farm development and operation. With a strong presence in the Indian wind energy market, INOX Wind has a cumulative installed capacity of over 3 GW and has executed projects across multiple states in the country. The company is committed to providing sustainable and cost-effective wind energy solutions to its customers.
52 Week Price Trend:
Inox Wind's current market price (CMP) of Rs. 194.43 is significantly lower than its 52-week high of Rs. 645. This indicates that the stock has lost substantial value in the past year. However, it is important to note that the stock has also recovered significantly from its 52-week low of Rs. 91.1, suggesting that there may be some optimism about the company's future prospects. Investors should carefully consider the company's fundamentals and market outlook before making any investment decisions.
Stratzy's MOST Analysis:
Stratzy's MOST framework has assigned INOXWIND a rating of BB-, indicating medium fundamental risks. This rating is based on an assessment of the company's management, outlook, safety, and trend. The framework considers factors such as the strength of management, industry growth prospects, financial stability, and market sentiment. A rating of BB- suggests that while INOXWIND faces some risks, it also has strengths that may mitigate these risks.
Fundamental and Technical information provided in this blog were last updated on 10 Aug, 2024
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