Inox Wind Share Price Opened In the Positive Zone

Inox Wind Ltd. was incorporated in the year 2009. It is a Mid Cap company which has a market cap of Rs 4402.86 Cr. and operates in the Engineering sector.

Inox Wind share price is trading above 2 per cent at Rs. 204.45. The stock opened at Rs. 213.70 against its previous closing at Rs. 198.55. It has touched a high and low of Rs. 215.10 and Rs. 203.80, respectively. So far 12,24,755 shares are traded on the counter with a traded value of Rs. 2,553.61 lacs, as per National Stock Exchange.

Inox Wind Ltd. key Products/Revenue Segments are Wind Turbine Generator which gave Rs 3805.94 Cr to Sales Value (98.09 per cent of the Total Sales), Sale of services which contributed Rs 66.40 Cr to Sales Value (1.71 per cent of Total Sales), Other Operating Revenue which contributed Rs 5.54 Cr to Sales Value (0.14 per cent of Total Sales), Power which contributed Rs 1.88 Cr to Sales Value (0.04 per cent of Total Sales), for the year ending 31^st Mar 2016.

For the quarter ended 30^th Sep 2016, the company has registered a Consolidated sales of Rs. 797.67 Cr., up 84.50 per cent from the last quarter Sales of Rs. 432.35 Cr. and down -20.70 per cent from last year same quarter Sales of Rs. 1005.85 Cr. Company has disclosed net profit after tax of Rs. 56.42 Cr. in latest quarter.

Inox Wind is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter among the 1700 stocks which are listed on the NSE. Inox Wind is fundamentally strong and is safe for investment, as per Dynamic analysts.

In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Inox Wind share price history.

Inox Wind Bags Order for 50 MW Wind Power Project

Inox Wind, one of the top wind energy solutions providers of the country, has bagged repeat order for 50 Mega Watts wind power project from ReNew Power Ventures, which is India’s leading clean energy company. ReNew has issued a repeat order to Inox Wind for a 50 Mega Watts wind power project to be executed in the state of Gujarat. This is a turnkey project for the Company and is scheduled to be commissioned by the month of March 2017. The 50 MW order from ReNew Power is part of the 350 MW of orders announced by Inox Wind on 30^th October, 2016.

As part of this order, Inox Wind will supply and install 25 units of its advanced 2 MW DFIG 113 rotor dia Wind Turbine Generators (WTGs) for this order by Renew Power. Inox Wind’s 113 meter rotor dia WTG is the newest variant of the company’s market leading 2 Mega Watts platform.

The Company offers its clients total wind power solutions including wind resource assessment, developing the entire site infrastructure, building the power evacuation system, acquiring land, supplying the WTGs, erection as well as commissioning services, long term operations and maintenance services as well as post-commissioning support.

Inox Wind share price is currently trading at Rs 225.00, up by 1.28 per cent or 2.85 points. The share price opened at Rs 226.00 from the previous closing of Rs 222.15. The intraday high and the intraday of the share are Rs 228.35 and Rs 224.05 respectively. A total of 81,165 shares of the Company have been traded on the counter of NSE aggregating to a total amount of Rs 183.08 lacs.

Inox Wind is identified as one of the top 500 shares by Dynamic Levels. Get the most important support and resistance levels of the share at Inox Wind share price forecast.

Inox Wind Hikes Over Receipt Of New Order

Today, Inox Wind announced that it had bagged cumulative orders worth over Rs. 2,000 crores for the supply and installation of wind turbine generators of 350 megawatts (MW). Inox Wind is the wind energy solutions provider. With this order, Inox Wind share price surged by over 6% and traded at the intraday high of Rs. 212.90.

In the BSE filing, Inox Wind declared that it had got fresh orders for the supply and installation of wind turbine generators of 350 MW in total to several recurring customers. The orders cumulatively are worth more than Rs. 2,000 crore.

Currently, Inox Wind share price was trading at Rs. 209 with the rise of 4.37%.

The company also said that the repeat orders from some of the nation’s leading independent power producers and corporate further strengthen Inox Wind’s leadership position in the Indian wind market.

The projects will be carried out on a turnkey basis across locations in Gujarat, Andhra Pradesh, and Karnataka. The contracts comprise supply and commissioning of wind turbines along with the multi-year operations and maintenance agreements. The orders are likely to be commissioned by March 2017.

Today, Inox Wind share price opened at Rs. 206.90, higher than its previous close of Rs. 200.25.

Meanwhile, the stock closed at Rs. 209.15. A total of 4.6 lakh shares were traded over the NSE counter in comparison to the twenty-day trading average of 9 lakh shares. The lifetime high of the stock is Rs. 494.40 made on 17th April 2015 while the 52 weeks high is registered at 411.40 on 26th October 2015. The lifetime low of Inox Wind share price and its 52 weeks low as well is Rs. 163 on 6th September 2016. The monthly return stands at 8.53%. Inox Wind is the top 500 stock identified by Dynamic Levels for the quarter. For the details on the stock, visit Inox Wind share price history page of Dynamic Levels website.

Inox Wind Share Price Surges 14%, Annual General Meeting Today

Inox Wind share price saw a rise of more than 14 per cent on NSE to a touch a high of Rs 202.85 in today’s trading session. Today is the scheduled date for the Annual General Meeting of the Company.

Earlier on 2nd September 2016, the Company announced its financial results for the quarter ended 30th June 2016.

As per the press release, the Company posted a net sales/ Income from operations of Rs 37,412 lacs for Q1FY17 against Rs 58,734 lacs for Q1FY16. The other income for the quarter under audit was reported as Rs 264 lacs. Therefore, the total income from operations for the quarter ended 30^th June 2016 was Rs 39,676 lacs, showing a quarter on quarter decline from Rs 58,940 lacs for Q1FY16.

The net profit for the period saw a drastic fall on a quarterly basis. For the quarter ended 30th June 2015 the net profit was Rs 6,882 lacs which dropped to a significant low of Rs 1,811 lacs for the quarter ended 30th June 2016.

As a result of the disappointing Inox Wind share price took a huge dip on the earlier trading sessions post the announcement of the Q1 results. However, the share price picked up heavily in today’s trading session.

Inox Wind share price is currently trading at Rs 200.05 apiece on NSE, up by 12.80 per cent. A total of 22,81,141 shares of the Company have been traded on the counter of NSE in today’s trading session.

Inox Wind is one of the Top 500 shares of the Dynamic levels list. Stay updated on the most important support and resistance levels of the share at Inox Wind share price forecast.