Inox Wind rose 0.19% to Rs 239 at 13:37 IST on BSE after the company said it has secured an order for a 50 megawatts wind power project to be deployed in Gujarat from Atria Wind Power.
The announcement was made during market hours today, 11 July 2016.Meanwhile, the S&P BSE Sensex was up 449.14 points or 1.66% at 27,576.04.
On BSE, so far 67,000 shares were traded in the counter as against average daily volume of 90,361 shares in the past one quarter. The stock was volatile. The stock rose as much as 2.07% at the day's high of Rs 243.50 so far during the day. The stock lost as much as 0.81% at the day's low of Rs 236.60 so far during the day. The stock had hit a 52-week high of Rs 468.90 on 14 July 2015. The stock had hit a 52-week low of Rs 211.80 on 6 June 2016. The stock had outperformed the market over the past one month till 8 July 2016, gaining 2.25% compared with Sensex's 0.39% rise. The scrip had, however, underperformed the market in past one quarter, sliding 2.69% as against Sensex's 9.94% rise.
The small-cap company has equity capital of Rs 221.92 crore. Face value per share is Rs 10.
The project is scheduled to be commissioned by March 2017 and will be executed on turnkey basis. As part of the turnkey order, Inox Wind will provide Atria Wind Power (Atria) with end to end solutions from development and construction to commissioning and providing long term operations and maintenance services.
On consolidated basis, Inox Wind's net profit rose 77.5% to Rs 209.23 crore on 96.9% growth in net sales to Rs 1827.73 crore in Q4 March 2016 over Q4 March 2015.
Inox Wind is one of the leading wind enery solutions providers servicing IPPs, utilities, PSUs, corporates and retail investors.
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