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    HomeNewsBusinessStocksAccumulate INOX Wind Ltd; target of Rs 128: KRChoksey

    Accumulate INOX Wind Ltd; target of Rs 128: KRChoksey

    KRChoksey is bullish on INOX Wind Ltd has recommended accumulate rating on the stock with a target price of Rs 128 in its research report dated August 10, 2017.

    August 17, 2017 / 16:21 IST
       
       
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      KRChoksey's research report onINOX Wind Ltd

      Inox wind reported subdued revenue performance, which was down by 75.6% YoY to INR 1059.9 mn against our estimates of ~INR 2875 mn. The growth was hampered due to no execution. The top line growth was supported by 46MW of commissioning.The operational performance was remained subdued primarily owing to lower than anticipated top-line performance. There is operational loss of INR 133.2mn against our estimates of INR 199mn.

      Outlook

      We have valued the company on FY19 basis by providing p/e multiple of 10x, we have arrived a target price of INR 128, an upside potential of 8%. We have ‘ACCUMULATE’ rating on the stock.

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      first published: Aug 17, 2017 04:21 pm

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