Overview

• Inox Wind shares rose about 5–6% intraday to roughly Rs 147–148, with trading volumes more than eight times the 30‑day average.
• Stock exchanges issued a ‘no objection’ to the restructuring that places substation assets under IRSL, supporting the post‑merger valuation framework.
• The company did not disclose the investors who purchased the Rs 175 crore stake in IRSL.
• Brokerages largely retain buy calls with price targets above the current price, though JM Financial trimmed execution forecasts and cut its target to Rs 154.
• Inox Wind cites a 3.1–3.2 GW order book and a FY26 execution goal above 1,200 MW, and IRSL contributed about 6% of FY25 consolidated revenue.