Inox Wind Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 2971.49 Crore) operating in Power sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 295.46 Crore, up 41.07 % from last quarter Total Income of Rs 209.44 Crore and up 50.18 % from last year same quarter Total Income of Rs 196.74 Crore. Company reported net profit after tax of Rs -79.44 Crore in latest quarter.
Investment Rationale
After losing 17 per cent from the recent peak, the stock has regained momentum on the upside. A series of ascending tops and bottoms is intact, and a positive follow through could lift the stock towards the Rs 151 zone.
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