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Inox Wind soars 9%, hits 7-year high on Monday; what's driving the rally?

Shares of Inox Wind hit their highest level since July 2016 after its customer, NTPC Renewable Energy, announced the successful commissioning of 50 MW out of 150 MW Dayapar Wind Energy Project

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Inox Wind

SI Reporter Mumbai

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Shares of Inox Wind hit an over seven-year high of Rs 235 as they surged 9 per cent on the BSE in Monday's intraday trade after its customer, NTPC Renewable Energy Ltd. (NTPC REL), announced the successful commissioning of 50 MW out of 150 MW Dayapar Wind Energy Project Phase-I in Gujarat.

The stock of the wind energy solutions provider was quoting at its highest level since July 2016. Since April, the market price of Inox Wind has more-than-doubled, soaring 152 per cent.

As part of the order, Inox Wind has supplied and installed 25 numbers DF 113/92

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First Published: Nov 06 2023 | 10:53 AM IST

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