Nuvama Retains Buy Rating on Inox Wind

Nuvama, a financial firm, still recommends buying shares of Inox Wind, a wind energy company, even though they lowered the price target.

They believe the stock can still go up in value.

Despite executing fewer projects in the recent quarter, the company's profits were higher than expected due to better profit margins.

This good performance is supported by Inox Wind's strong position in the Indian wind energy market and the growing demand for renewable energy.