4 mag 2024
Technical's Signal Breakout Potential: • Textbook Cup & Handle pattern suggests a bullish continuation . • Price rejection at the Fib 0.236 level and previous resistance zone confirms buying pressure. Strong Fundamentals Support Growth: • Q4 FY24 results show a solid turnaround with robust EBITA growth. • Profitability shift from loss to a PAT of ₹38 Cr. is a positive sign . • Government's ambitious wind capacity addition plans (100 GW) present a massive opportunity for Inox Wind. • Net-debt free status: Target to achieve net-debt free status for consolidated IWL in the next few months Strong group pedigree (INOXGFL Group) and a healthy balance sheet provide stability.Revenue Visibility & Diversification: • A diversified order book of ~2.7 GW with a large pipeline ensures revenue visibility. • High-value project development pipeline fuels future growth potential. • Owning a majority stake (61%*) in Inox Green , a leading wind O&M player, offers additional revenue streams.Promoter Holding Inspires Confidence: • Promoter holding of ~53% in IWL demonstrates strong management commitment.Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.