Inox Wind Stock Check 2024: During 394% in 1 year, Should You Still Buy It? Inox Wind Limited has experienced a remarkable surge in its stock price, skyrocketing by over 394% in the past year and 91% in 2024 alone. This renewable energy stock has captured significant market attention, with its price hitting a record high of ₹250.45 in recent trading. Analysts are currently evaluating whether this upward trend will persist and if it remains a viable investment opportunity. Technical and fundamental experts have weighed in, offering insights into the stock’s potential future performance.
Inox Wind Stock Check 2024
The stock’s impressive gains are driven by strong financial results and bullish technical indicators. Inox Wind reported a substantial profit turnaround for the June quarter, driven by a notable increase in revenue and EBITDA. The company’s technical indicators, including a recent breakout from a consolidation range and positive momentum in trading volumes, suggest that the stock could continue its upward trajectory. With target prices ranging between ₹270 and ₹315, investors are keen to understand if Inox Wind remains a good buy at its current levels.