After dismal Q1 numbers Inox Wind tumbels to record low


Inox Wind tanked 6.57% to Rs 179.25 at 15:14 Iston Bseafter united net benefit drooped 80.4% to Rs 11.82 crore on 32.6% decrease in net deals to Rs 432.35 crore in Q1 June 2016 over Q1 June 2015. 

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The outcome was reported secondary selling hours on Friday, 2 September 2016. Money markets was shut yesterday, 5 September 2016 by virtue of Ganesh Chaturthi. 

In the mean time, the S&P BseSensex was up 450.19 focuses or 1.58% at 28,982.30. 

The stock declined on overwhelming volumes. On BSE, so far 4.43 lakh shares were exchanged the counter as against normal every day volume of 58,069 shares in the previous one quarter. The stock hit a low of Rs 161 so far amid the day, which is a record low for the counter. The stock hit a high of Rs 184 so far amid the day. The stock had hit a 52-week high of Rs 411.55 on 26 October 2015. The stock had failed to meet expectations the business sector in the course of the last one month till 2 September 2016, sliding 12.34% contrasted and Sensex's 1.97% ascent. The scrip had likewise failed to meet expectations the business sector in past one quarter, declining 11.87% as against Sensex's 6.29% ascent. 

The mid-top organization has value capital of Rs 221.92 crore. Face esteem per offer is Rs 10. 

Inox Wind declared that its entirely possessed backup Inox Wind Infrastructure Services has procured RBRK Investments with impact from 1 September 2016, tuned in to its extension arranges in South India. 

Inox Wind is one of the main wind enery arrangements suppliers overhauling IPPs, utilities, PSUs, corporates and retail financial specialists.

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