1 INOXWIND share price target reports by brokerages below. See what is analyst's view on INOXWIND share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
Considering the changing dynamics of renewable energyconsumption and government’s thrust to auction 10 GW wind capacity by year 2028, we arebullish on the sector, and hence, have a positive outlook on IWL. At the CMP of Rs 60, the stock is available at PE multiple of 5.5x its FY2021E EPS of Rs 11. We recommend a BUY on stock and assign a multiple of 9x to arrive at a target price of Rs 100, implying a potential upside of 66%.
Considering the changing dynamics of renewable energy consumption and government’s thrust to auction 10GW wind capacity by year 2028, we are bullish onthe sector, and hence, have a positive outlook on IWL. At the CMP of Rs 68, stock is available at PE multiple of 5.3x its FY2020E EPS of Rs 13. We recommend a BUY with revised target price from Rs 120 to Rs 110 on account of delay in commissioning of orders.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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