Inox Wind Ltd., a prominent player in the green energy sector and a peer to Suzlon Energy Ltd., saw its shares surge by nearly 10% in early trading sessions today. The significant jump pushed the renewable energy stock to Rs 61.29, contributing to a market capitalization of Rs 10,549 crore.
This rebound comes after a challenging period for the company, with the stock having hit a 52-week low of Rs 55.26 just last week on October 30, 2026. Over the past two years, Inox Wind shares have experienced a sharp decline of up to 71%, with a 63% drop recorded in the last year alone.
Analysts Offer Cautious Outlook Despite Rally
Despite today's upward movement, market analysts are advising caution regarding the Inox Wind stock. Virat Jagad, Senior Technical Research Analyst at Bonanza, noted that the stock is trading well below all major daily moving averages (20, 50, 100, and 200 EMAs), with its Relative Strength Index (RSI) indicating deeply oversold conditions. Jagad suggested that a “sell-on-rise strategy” towards the Rs 60–Rs 63 resistance level remains optimal.
Similarly, KKunal V Parar, VP of Technical Research and Algo at Choice Broking, maintained a negative technical view. Parar predicted a potential further decline for the stock towards Rs 46, and possibly Rs 41, in the coming weeks. He identified Rs 63 as a strong immediate resistance point, anticipating renewed selling pressure if the stock attempts a recovery towards this level. Parar also recommended a “sell-on-rise approach” as long as the stock trades below Rs 63.
About Inox Wind
Inox Wind Limited (IWL) is recognized as a leading wind energy solutions provider in India, serving Independent Power Producers (IPPs), Utilities, Public Sector Undertakings (PSUs), and corporate investors. The company is part of the US$12 billion INOXGFL Group, which boasts a legacy spanning over nine decades and focuses primarily on two key business verticals: chemicals and renewable energy.