Inox Wind Share Price Trend: Multibagger Inox Wind has emerged as domestic brokerage Anand Rathi’s pick of the month. The stock has gained 18 per cent over the last year, hitting a 52-week low of ₹124.35 on June 5 and a 52-week high of ₹262.10 on September 23 last year. On a monthly scale, the stock is up four per cent this month after an eight per cent gain in March.
Through an exchange filing on Monday, April 21, Inox Wind said that the execution of the 990 MW turnkey order out of the 1,500 MW framework agreement signed is in full swing across multiple locations in the states of Gujarat, Rajasthan and Madhya Pradesh.
After a long consolidation, finally Inox Wind has managed to confirm a breakout above 177 mark.
▪ There is a strong base of double bottom formation around 140 zone.
▪ Price action is supported with a major range shift in daily RSI.
▪ Thus, we advise traders to buy the stock between 179 – 175 with a stop loss of 166 for upside target of 199,” said Anand Rathi
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