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    Buy Inox Wind, target price Rs 120: Anand Rathi

    Synopsis

    Inox Wind Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 2343.46 Crore) operating in Power sector.

    solar, wind energyAgencies
    Company reported net profit after tax of Rs -52.54 Crore in latest quarter.
    Anand Rathi has buy call on Inox Wind with a target price of Rs 120. The current market price of Inox Wind Ltd. is Rs 104.95.

    Inox Wind Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 2343.46 Crore) operating in Power sector.

    Financials
    For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 170.81 Crore, down -42.19 % from last quarter Total Income of Rs 295.46 Crore and up 67.63 % from last year same quarter Total Income of Rs 101.90 Crore. Company reported net profit after tax of Rs -52.54 Crore in latest quarter.

    Investment Rationale
    The stock is comfortably placed above the mean of Bollinger band on weekly chart affirming the overall bullish stance in the counter.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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