Inox Wind Share Price Live

Inox Wind On An Uptrend With Reported Board Orders: Know All About It The share price of Inox Wind surged by more than 5% in the morning trade session after it was said that the board is looking for bonus proposals in the upcoming meeting. The green energy stock, Inox Wind, jumped for more than 5% in the early morning trade session on Tuesday, 23rd April after the firm said that their board would be taking up a proposal for issuing Bonus Shares. Upcoming Board Meeting The company’s upcoming board meeting which is going to take place on the 25th of April would be looking to consider and approve the proposal for issuance of bonus equity shares to the shareholders of the company, said the company in its exchange filing. With this news coming into effect the share price surged to more than 5% in the morning session. Last year Inox Wind’s board also approved the scheme of amalgamation of Inox Wind Energy into Inox Wind. Why Does the Company Issue Bonus Shares? A company issues bonus shares to capitalise on its free reserves, to increase its EPS and paid-up capital. In this scenario, the shareholders of the company are issued bonus shares with no additional cost, so these shares are also called free shares. Recent Order Received On April 19, The green energy company also received an order for a supply of around 210 MW of Wind Turbine Generators from a company named Hero Future Energies. The company will also provide post-commissioning multi-year operations services. Stock Performance The stock of Inox Wind has surged more than 450% in the past 12 months and is up by more than 25% in the past month. The stock along with its peer, Suzlon Energy has remained in the limelight for the past few months, Though it saw some correction on reports stating that the Ministry of Renewable Energy is looking to bring back reverse actions regarding auctioning wind and power capacity to energy companies. Conclusion: The stock jumped for more than 5% in the morning trade after the company filed that it would be looking for a proposal of bonus shares but after that, it wiped off all its gains for the day and currently trades at Rs.593 a piece as of 1:00 pm. The investors now await the outcome of the board meeting regarding the proposal to issue bonus shares Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Inox Wind has delivered amazing returns of over 450% in the last three years; do you hold it? Shares of the company gained more than 90% in the last six months. Inox Wind Limited has delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price surged from Rs 37.55 on November 06, 2020, to Rs 211.15 on November 02, 2023, representing an increase of over 450% in a three-year holding period. An investment of Rs 1 lakh in this company’s shares one year ago would have grown to Rs 5.50 lakhs today. Inox Wind Limited reported a strong second quarter for FY24, with net sales growth of 246.04% to Rs 370.64 crore, compared to Rs 107.11 crore in the same quarter last year. The operating profit also experienced a significant increase of 331%. The net loss for the quarter stood at Rs 29.23 crore, which was Rs 129.31 crore in the previous year’s same quarter. Inox Wind Limited is a part of the Inox Group. The company is engaged in the business of manufacturing Wind Turbine Generators (WTGs) and is a wind energy solutions provider servicing IPPs, Utilities, PSUs, Corporates and Retail Investors. Inox Wind Ltd is a fully integrated player in the wind energy market and provides end-to-end turnkey solutions. Today, the stock opened at Rs 214.95, with a high and low of Rs 214.95 and Rs 208, respectively. The stock is currently trading at Rs 212.20, which increased by 0.19%. The stock has a 52-week high of Rs 228 and a 52-week low of Rs 89.60. The company has a ROCE of -8.37% and an ROE of -37.3% with a market capitalization of Rs 6,918 crore. The stock has shown impressive growth, and investors should keep a close eye on this stock. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.