Inox Wind Ltd Stock Rises 7.01% for Third Consecutive Session
Inox Wind Ltd spurts 7.01%, gains for third straight session
Business Standard
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Inox Wind Ltd's stock price increased by 7.01%, reaching ₹86.71 on the National Stock Exchange (NSE) as of 12:49 IST. This marks the third consecutive day of gains, although the stock remains down 37.68% over the past year, contrasting with the NIFTY's 6.94% increase during the same period.
- 01Inox Wind Ltd's stock rose 7.01% to ₹86.71 on the NSE.
- 02The stock has gained for three consecutive sessions.
- 03Inox Wind's stock is down 37.68% over the past year.
- 04The NIFTY index increased by 6.94% in the same timeframe.
- 05The stock's price-to-earnings (PE) ratio is 21.55.
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Inox Wind Ltd's stock price surged 7.01% to reach ₹86.71 on the National Stock Exchange (NSE) as of 12:49 IST, marking a third consecutive day of gains. Despite this recent uptick, the stock has seen a significant decline of 37.68% over the past year, while the NIFTY index has increased by 6.94% during the same period. The Nifty Energy index, which includes Inox Wind, has also performed better, rising 15.33% in the last year. The trading volume for Inox Wind stood at 96.34 lakh shares, below the monthly average of 134.3 lakh shares. Additionally, the stock's price-to-earnings (PE) ratio is reported at 21.55, based on trailing twelve-month earnings ending December 25.
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The recent rise in Inox Wind's stock price may boost investor confidence, potentially leading to increased trading activity and interest in renewable energy stocks.
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