INOX Inexperienced share worth jumped 5 per cent to hit its document excessive and higher circuit of ₹225.40 in morning commerce on Tuesday, October 7. Inox Inexperienced Vitality Providers’ share worth opened at ₹218.05 in opposition to its earlier shut of ₹214.70 and jumped 5 per cent to hit its higher circuit and document excessive of ₹225.40. Even within the earlier session, the inventory jumped 5 per cent to hit its higher circuit.
In two days, the inventory has gained over 10 per cent, whereas during the last month, it has jumped greater than 40 per cent.
Yr-to-date, the inventory has posted a wholesome achieve of practically 28 per cent, regardless of the volatility within the Indian inventory market.
INOX Inexperienced is a significant Indian wind energy operation and upkeep (O&M) service supplier.
The corporate’s income in FY25 stood at ₹290.2 crore in comparison with ₹261.20 crore in FY24. The rise in income was attributed to excessive operational uptime, environment friendly challenge execution, and the sale of further value-added providers, the corporate said.
Nevertheless, revenue after tax (PAT) in FY25 was ₹21.86 crore, decrease than ₹27.67 crore in FY24.
The corporate’s EBITDA additionally declined to ₹122.8 crore in FY25 from ₹128.70 crore in FY24, whereas the EBITDA margin stood at 52.14 per cent in FY25, in comparison with 57.39 per cent in FY24.
In response to the corporate, its proposed demerger of the ability evacuation enterprise is anticipated to “enhance profitability by eradicating depreciating belongings from the stability sheet and permitting larger give attention to core O&M operations.”
In response to brokerage agency Axis Securities, the corporate’s latest foray into the photo voltaic enterprise has been a strategic transfer, as Inox Photo voltaic, one of many group firms, has commenced photo voltaic module manufacturing.
“INOX Inexperienced is quickly increasing its portfolio by means of each natural and inorganic routes. It has not too long ago invested in an organization with practically 2 GW of operational and upkeep (O&M) belongings. The corporate targets to extend the portfolio to 17 GW over the following two years,” mentioned Axis Securities.
Inox Inexperienced inventory: Is there extra steam left?
In response to Jigar S. Patel, Senior Supervisor of Fairness Technical Analysis at Anand Rathi Share and Inventory Brokers, the inventory seems overextended after a powerful four-week rally, suggesting restricted speedy upside potential.
Patel mentioned the ₹225 stage, being a historic resistance zone, poses a threat for recent lengthy entries on the present ranges. Therefore, he advises reserving partial earnings within the ₹222–225 vary to lock in beneficial properties and defend capital.
“A decisive weekly shut above ₹225 can be important to verify a sustained breakout and continuation of the upward pattern. Till then, merchants ought to stay cautious and think about re-entering solely after affirmation above this key resistance stage,” mentioned Patel.
(This can be a creating story. Please test again for recent updates.)
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