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Wind energy service company Inox Wind is witnessing a rise during early trading on Tuesday. The company has received a new order, after which this rise is seen in the stock. The company has informed that it has received an order for 87 MW from Continuum Green Energy.

Wind energy service company Inox Wind is witnessing a rise during early trading on Tuesday. The company has received a new order, after which this rise is seen in the stock. The company has informed that it has received an order for 87 MW from Continuum Green Energy.

 

Wind energy service company Inox Wind is witnessing a rise during early trading on Tuesday. The company has received a new order, after which this rise is seen in the stock. The company has informed that it has received an order for 87 MW from Continuum Green Energy.

 

Kailash Tarachandani, Group CEO, Inox Wind, said that our orderbook is at an all-time high and we are seeing strong demand from customers. Most developers are now working on hybrid/round-the-clock/FDRD solutions.

 

The company has recently increased its margin guidance from 15% to 17%. After a strong performance in the first two quarters of the current financial year, it is expected to remain normal in the third and fourth quarters.

 

Talking about the stock performance, the stock has seen a growth of more than 55% so far this year. Whereas, during the last 6 months, investors have got a return of 48% from this stock. During the last 1 year, the stock has seen a tremendous jump of 220%. In this way, the money of investors in this stock has increased more than three times in one year.

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