Sun, Jun 30, 2024
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.
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