Inox Wind's ₹120 rights issue offers 20% discount - here's why experts are buying
Key Points
- Inox Wind's rights issue offers shares at ₹120, down from ₹1...
When a wind energy company offers you shares at a 20% discount, it's either a bargain or they're really desperate for cash. With Inox Wind's rights issue opening tomorrow at ₹120 per share (compared to the current ₹150.90), let's figure out which one it is.
The company isn't exactly blowing hot air here. They're sitting on a solid 3.2 GW order book, which in renewable energy terms is like having a really long grocery list that people actually want to pay for. Plus, they're smartly diversifying beyond just wind into solar energy, because apparently putting all your eggs in one renewable basket...
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