Inox Green Energy Shares Gain for the 4th Day; Stake Hike Pushes Promoter Holding Past 55%

Inox Green Energy Services share price reached an intraday high of ₹182.89 before quoting ₹179.92, up 0.77% from the previous close of ₹178.54 at 9:50 AM on the NSE.

The company has seen a significant price movement, with over 25% change in the past month and a trailing P/E ratio exceeding 50 for the last four quarters, highlighting strong market interest, albeit at a premium valuation.

Total traded volume stood at 8.58 lakh shares, amounting to a traded value of ₹15.55 crore. The stock has gained 2.7% in the last three session.

Promoter Group Increases Stake in Inox Green Energy

On June 5, 2025, Inox Green Energy Services Ltd (IGESL) informed the exchanges that Devansh Trademart LLP, an entity within its Promoter Group, acquired 10,000 equity shares of the company via open market transactions.

This transaction has led to an increase in the Promoter/Promoter Group’s shareholding:

• To 55.94% of current issued capital
• To 56.94% on a fully diluted basis

The disclosure follows an earlier update made by the company on June 4, highlighting an ongoing accumulation of shares by promoter entities.

Promoter Moves Hint at Strategic Focus

A higher promoter stake also suggests better alignment between management interests and those of public shareholders. Greater promoter ownership often leads to longer-term strategic decision-making, as opposed to short-term market-driven actions.

About Inox Green Energy Services Ltd

Inox Green Energy is engaged in wind power operations and maintenance services, a sector gaining momentum amid India’s renewable energy goals. The company’s consistent focus on clean energy infrastructure positions it well for future expansion.

Read More: Top Green Hydrogen Stocks in June 2025: JSW Energy, Adani Energy Solutions & More- 5Y CAGR Basis.

Conclusion

The latest stake increase by the promoter group in Inox Green Energy Services Ltd reflects a vote of confidence in the company’s fundamentals and future potential. Investors may view this move as a reassuring signal during a time of dynamic market conditions.

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