Whalesbook
Motilal Oswal has reiterated its BUY recommendation for Inox Wind, setting a target price of INR 190. The brokerage firm's report highlighted Inox Wind's second quarter of fiscal year 2026 (2QFY26) performance, where deliveries met expectations at 202MW. While revenue fell slightly short of estimates at INR 11.2 billion, the company reported a strong EBITDA of INR 2.3 billion, exceeding expectations with an improved margin of 20%. Adjusted Profit After Tax (APAT) however, missed targets. The target price is based on a 24x P/E multiple for FY28 earnings.