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Buy Inox winds; target of Rs 246: KR Choksey

KR Choksey is bullish on Inox winds has recommended buy rating on the stock with a target price of Rs 360 in its research report dated March 08, 2017.

March 08, 2017 / 16:14 IST
     
     
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    KR Choksey's report on Inox winds

    Incorporated in 2009, Inox winds ltd is one of India’s leading wind power solution providers in India. It manufactures wind turbine generators (WTGs) and provides turnkey solutions by supplying WTGs. INWL manufactures most of the key components of WTGs, like nacelles, hubs, rotor blade sets and towers, in-house.

    Outlook

    The stock has been historically trading in the P/E band of around 7-10x on 2yr fwd basis against industry average of 12-13x. Assigning a multiple of 10x on FY19 EPS of Rs. 24.6, we have arrived a target price of Rs. 246, an upside potential of 45%. We recommend a BUY rating on the stock.
    For all recommendations, click here Disclaimer: 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.
    first published: Mar 8, 2017 04:14 pm

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