Archive · 5 Sep 2025
Nuvama Recommends 'Buy' on Inox Wind, Citing Upside
Nuvama, a financial analyst, recommends buying Inox Wind stock, expecting a 31% increase in value.
They cite Inox Wind's large order book, which ensures revenue for the next two years.
The company is restructuring, focusing on renewable energy through Inox Green's solar O&M and IRSL's manufacturing.
Government policies supporting renewable energy are also seen as beneficial, and expansion in manufacturing and service capabilities are planned.
Overall, Nuvama is optimistic about Inox Wind's future.
Nuvama maintains a 'Buy' rating on Inox Wind, with a target price of Rs 190.
This implies a potential 31% increase in Inox Wind's share price.
Revenue visibility is expected until FY27.
Inox Wind's order book is 3.1 GW, providing execution visibility.
Inox Group is expanding into solar O&M and reinforcing manufacturing capabilities.
- Who
- Nuvama, Inox Wind, and Inox Group
- What
- Nuvama maintained a 'Buy' rating on Inox Wind due to revenue visibility, restructuring, and expansion.
- When
- Recently.
- Where
- N/A
- Why
- Nuvama believes Inox Wind will benefit from revenue visibility, government policies, and expanding operations.
- Analyst
- Nuvama
- Rating
- Buy
- Target Price
- Rs 190
- Potential Upside
- 31%
- Order Book
- 3.1 GW
- IRSL Valuation
- Rs 7,400 crore
