Power Stock Soars 7x in Two Years

Power Stock Soars 7x in Two Years: Target Rs 185 Says Axis Direct

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REASONS TO BUY Inox Wind:

Wind farm development, infrastructure services, EPC (Engineering, Procurement, and Commissioning), and O&M (Operations and Maintenance) for Wind Turbine Generators (WTGs) are just a few of the services that Inox Wind provides. Inox Wind has paid off all of its interest-bearing debt following recent promoter investments, according to a report by Axis Direct. The stock is expected to expand, with a target price-to-earnings (P/E) multiple of 30x based on FY26 EPS estimates. This forecast takes into account the government’s initiative to boost wind energy capacity, a robust order book, and superior execution skills.

Power Stock Soars 7x in Two Years

Power Stock Soars 7x in Two Years

Performance and Potential of the Market:

On June 28, Indian benchmark indices had a difficult session. The Nifty fell 33.90 points (0.14%) and the Sensex dropped 210.45 points (0.27%). Axis Direct is nevertheless upbeat about Inox Wind in the long run despite this.

Apprehension Reasons:

  1. Government Initiatives: By FY 2032, the government hopes to increase wind energy capacity from 46 GW to roughly 75 GW.
  2. Comprehensive Services: Inox Wind is a top supplier of wind energy solutions, handling everything from WTG production to commercialization.
  3. Debt-Free Status: The business has paid off all of its interest-bearing debt as a result of previous investments.
  4. Technological Edge: With innovations such as the 4 MW WTG platform and the switch from 2 MW to 3-3.3 MW models, Inox Wind is well-equipped for the future.
  5. Robust Financials: Inox Wind is poised to gain additional market share in India’s expanding wind energy industry thanks to its strong order book of 2.7 GW and sound financial position.

Performance of Stock: Power Stock Soars 7x in Two Years

With a 12- to 18-month time horizon, Axis Direct advises purchasing Inox Wind shares, with a target price of Rs 185 per share. The stock ended at Rs 141.75 on June 28, 2024, indicating a potential gain of more than 30%.

Notable Achievement:

  • Over the past six months, the stock has increased by 17%.
  • Previous Year: Produced multibagger gains totaling 261%.
    Last Two Years: A 600% increase.
  • 52-Week Range: Rs 38 at the low and Rs 177 at the high.
    Market Cap: With a valuation of Rs 18,481.28 crore.

Investors hoping to profit from India’s growing wind energy market should give inox Wind some serious thought due to its amazing growth and solid fundamentals.

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  1. Groww Account- https://app.groww.in/v3cO/kyrp1zph
  2. Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906

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