Inox Wind share price: There was a sharp fall in the shares of power company Inox Wind on Monday and the stock fell by about 8% to reach a 52-week low of Rs 97.50. The company’s third quarter (Q3) results were much weaker than market expectations, which shook investors’ confidence. The company delivered only 252 MW during the quarter, which was below expectations. Consolidated revenue was Rs 1,207.5 crore, about 34% below estimates, while adjusted profit was Rs 117 crore, 35% below estimates. Rising interest expenses and minority interest outflows put pressure on profits.
Multibagger Stock: Price fell to 52 week low, investors’ confidence broken due to Q3 results! What should be the strategy next? – market
