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.