India's Inox Wind rises after Motilal Oswal initiates with 'buy' rating

Inox Wind

02/07/2025 06:45

** India's Inox Wind INWN.NS rises 3.5% to 179 rupees

** Motilal Oswal Financial Services initiates coverage with "buy" rating at a PT of 210 rupees

** Says co well-positioned to capitalize on India’s ambitious target of expanding installed wind capacity from 50GW at the end of FY2025 to 100GW by 2030

** Brokerage says its PT implies 25x FY2027 earnings forecast, which is at a 29% discount to target multiple of peer Suzlon Energy SUZL.NS

** Analysts on average recommend "strong buy" on INWN, median PT 231 rupees, as per LSEG data

** YTD, INWN down ~1%

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))