Up 7x in 2 years: This power stock may touch Rs 185 level; here's what Axis Direct suggests
Power stock to buy: According to the Axis Direct report, Inox Wind provides construction, procurement and commissioning (EPC), operations and maintenance (O&M), and common infrastructure facility services for WTGs and wind farm development services. The brokerage says that after the promoter investment, IWL has reduced its interest-bearing debt to zero. With zero debt coming in, strong order book and execution capability along with the government's renewed focus on increasing wind energy capacity, the brokerage has set a target P/E multiple of 30x on FY26 EPS estimates.
![Up 7x in 2 years: This power stock may touch Rs 185 level; here's what Axis Direct suggests](https://cdn.zeebiz.com/sites/default/files/2024/06/30/302307-2.png?im=FitAndFill=(1200,900))
The brokerage has advised buying Inox Wind stock with a 12 to 18-month perspective. Image: Pixabay | Representational