INOX WIND ENERGY LTD Q2 RESULTS
Axis Securities initiates coverage on Inox Wind, sees upside potential of 30%
Domestic brokerage firm ICICI Securities initiated coverage on Inox Wind (IWL) with a target price of Rs 185 stating that the company is well-positioned to benefit from the tailwinds in the wind sector.
Cabinet approves offshore wind energy projects in Gujarat, Tamil Nadu with total outlay of Rs 7,453 cr
The Union Cabinet approved India's first offshore wind energy projects with a capacity of 1 GW, divided equally between Gujarat and Tamil Nadu, at a total cost of Rs 7,453 crore. Information & Broadcasting Minister Ashwini Vaishnaw highlighted this as a landmark decision, emphasizing the significant opportunity it represents for India's renewable energy sector.
Inox Green Energy to raise upto Rs 1,000 crore through preferential allotment, warrants
Inox Green Energy Services, which provides operation and maintenance (O&M) services to wind power operators, plans to raise Rs 800-1,000 crore through a combination of preferential allotment and warrant issuance to fund future acquisitions, according to multiple sources familiar with the matter.
Turnaround stocks: 10 companies that returned to profit in Q4
In the March quarter of FY24, several companies transitioned from loss-making to profit-making. According to Ace Equity data, Piramal Pharma, Inox Wind Energy, BHEL, Sunteck Realty, Tejas Networks, and others turned profitable in Q4FY24. Here is the list:
Turnaround stocks: 10 companies that returned to profit in Q4
According to Ace Equity data, Piramal Pharma, Inox Wind Energy, BHEL, Sunteck Realty, Tejas Networks, and others turned profitable in Q4FY24
18 companies turned profitable in Q4 after 3 straight quarterly losses. Worth buying?
18 companies including BHEL, Centrum Capital, Inox Wind, Piramal Pharma, SAMHI Hotels, and Sterling and Wilson turned profitable in Q4 after consecutive losses. Sagar Cements reported a profit of Rs 11.59 crore. Inox Wind Energy recorded a profit of Rs 38.8 crore. Analysts expect India Inc earnings to grow by 12% for FY25.
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Crisil upgrades Inox Wind Ltd's rating
Wind energy solutions provider Inox Wind Ltd on Tuesday said Crisil has upgraded the company's long-term and short-term ratings on its banking facilities.
Paytm, Inox Wind among 736 BSE-listed stocks that hit lower circuit
The market capitalisation of the BSE listed companies fell by Rs 30 lakh crore with 694 stocks hitting lower circuits and 292 crashing to 52-week lows on the BSE.
Shree Renuka Sugars Q4 Results: Firm posts loss on higher expenses
Shree Renuka Sugars Ltd reported a net loss of Rs 111.7 crore for Q4, a decline from a profit of Rs 44.6 crore in the same period last year.
Ahead of June 4, be relatively light & in cash; curtail trading: Dipan Mehta
Dipan Mehta advises caution and light trading ahead of the upcoming election dates. He emphasizes the importance of being in cash and watching the election results closely for investment decisions.
Inox Wind shares dip 18% in last 2 days. What’s wrong?
Following the sale of a 5% stake by the promoter entity, shares of the high-performing stock Inox Wind experienced an 18% decline over the last two days, reaching the day's low of Rs 134 on the BSE on Wednesday.
Hot Stocks: Brokerage view on LIC, Suzlon Energy, Inox Wind and Hindalco
Investec brokerage firm upheld its buy recommendation for Hindalco, while Nuvama initiated coverage on Inox Wind and Suzlon Energy with buy ratings, respectively. Goldman Sachs has given LIC a neutral rating following its Q4 results.
Amara Raja Energy Q4 Results: Net profit jumps 62% YoY to Rs 230 cr
Amara Raja Energy & Mobility on Tuesday said its consolidated profit after tax rose 62 per cent to Rs 230 crore for the fourth quarter ended March 2024. The company had reported a profit after tax of Rs 142 crore in the January-March quarter of 2022-23 fiscal.
DOMS shares rally 10% to fresh all-time high after Q4 results; brokerages increase target up to Rs 2,121
DOMS Industries witnessed a remarkable surge of 10% in its shares on Tuesday on the BSE, reaching a new all-time high of Rs 2,035. This surge followed the company's announcement of a 29.6% year-on-year (YoY) increase in its Q4 profit after tax (PAT), which amounted to Rs 46.93 crore.
Suzlon Energy shares under pressure post Q4 results; brokerages raise target price to Rs 54
Suzlon Energy shares dipped 2% to Rs 45 after a 21% decline in Q4 net profit to Rs 254 crore. The consolidated net profit for 2023-24 fell to Rs 660 crore while total income rose to Rs 2,207.43 crore. Analysts from ICICI Securities and JM Financial are bullish on the stock.
Suzlon Energy Q4 Results: Net profit drops 21% YoY to Rs 254 crore
Renewable energy solutions provider Suzlon Energy on Friday reported nearly 21 per cent decline in consolidated net profit to Rs 254 crore in the March quarter mainly due to certain exceptional items.
Suzlon shares shed 5% after reporting a 20% decline in Q4 profit
Suzlon Energy shares dropped 5% to Rs 45.84 on BSE after Q4 profit declined 20% to Rs 254.12 crore. Revenue rises 29% YoY to Rs 2,179.20 crore.
Inox Wind shares zoom 10% to new high after 1:3 bonus share issue
Inox Wind shares surge 10% to a fresh 52-week high of Rs 166 on turning ex-bonus. The company plans a 1:3 bonus issue, with a record date revised to May 25. Recently, it was awarded 'A' rating from CARE Ratings for its banking facilities.
Suzlon Energy shares hit 5% upper circuit amid block deal
Suzlon Energy's shares surged by 5% to hit the upper circuit at Rs 46.2 on the BSE on Wednesday following reports of a block deal on the counter. Around 33.9 lakh shares of Suzlon Energy were traded in the block deal, with the identities of buyers and sellers undisclosed.
Hitachi Energy India Q4 Results: Net profit skyrockets 124% YoY to Rs 113.7 crore
Hitachi Energy India on Tuesday posted a 123.7 per cent growth in net profit to Rs 113.7 crore in the March quarter mainly on the back of higher revenues. The company had posted a net profit of Rs 50.8 crore in the same quarter a year ago, Hitachi Energy said in a statement.
Devyani International Q4 results: Company reports a loss of Rs 49 crore; revenue rises by 38% YoY
Devyani International, India's largest Pizza Hut and KFC franchise, saw a net loss of Rs 49 crore for Q4 FY24, contrasting with a Rs 60 crore profit a year prior. Therevenue rose 38% while expenses surged by 32%.
Q4 results today: Bharti Airtel, Patanjali Foods among 97 companies to announce earnings on Tuesday
Bharti Airtel and 96 other companies are set to announce Q4 results. Airtel's expected net profit ranges from Rs 2,201-5,309 crore with revenue projections of Rs 38,736-39,360 crore.
Q4 results today: Zomato, Varun Beverages among 59 companies to announce earnings on Monday
59 companies, including Zomato and Varun Beverages, to reveal Q4 results for March 2024. Jindal Steel, Tube Investments, AB Capital also share earnings. Zomato expects 75% y-o-y revenue growth, 48% q-o-q net profit rise.
Tata Power Q4 Results: Net profit rises 15% YoY to Rs 895 crore; revenue jumps 27%
Tata Power Q4 Results: The Board has also recommended a final dividend of Rs 2 per share for the financial year ended March 2024.
JSW Energy shares jump nearly 6% after Q4 results. Here’s what brokerages say
JSW Energy Share Price: JSW Energy shares surged 5.8% on BSE after Q4 results. Brokerages raised target prices, with Jefferies maintaining a buy rating at a Rs 690 target price.
JSW Energy Q4 Results: Cons PAT jumps 22% YoY to Rs 345 crore
JSW Energy Q4 Results: The company recommended a dividend of Rs 2 per equity share for the financial year 2023-24. JSW Energy also approved raising of funds of up to Rs 10,000 crore in one or more tranches, through the issuance of securities.
Inox Wind shares zoom 9% after board approves 3:1 bonus issue
Inox Wind's shares soared 9.2% on Thursday, reaching a new 52-week high of Rs 658.5 on the BSE, following the board's approval of issuing bonus equity shares in a ratio of 3:1.
Multibagger smallcap stock climbs 9% as board to consider bonus share proposal
"We would like to inform you that a meeting of the board of directors of the company is scheduled to be held on Thursday, 25th April, 2024, inter-alia, to consider and approve the proposal for issuance of Bonus Equity Shares to the shareholders of the company," Inox Wind said in an exchange filing.
Inox Wind bags repeat order for 210 MW wind project from Hero Future Energies
The order is for (IWL) Inox Wind Ltd's state-of-the-art 3 MW Wind Turbine Generators (WTGs), and the scope comprises equipment supply with certain add-on services, according to the statement. The WTGs will be supplied to HFE from Q3 FY25 onwards and will be installed in South India.
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