India's Inox Wind rises on repeat order win

Inox Wind

26/12/2023 04:56

** Shares of wind turbine generator (WTG) maker Inox Wind
Ltd  INWN.NS  rise as much as 5.9% to 480 rupees  
    ** Co gets repeat order for 279 million watts (MW) for its 3
MW WTGs from a commercial and industrial player 
    ** Stock trading above its 200-day simple moving avg since
May 29 when INWN rose after Q4 loss narrowed 
    ** Stock on track to gain for the third consecutive month
and ninth straight week, if trend holds
    ** INWN last up 3.5%, adding to YTD gains of ~332%, largest
yearly gain ever

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))