Inox Wind soars 14% as promoter completes Rs 800 crore fund infusion

Shares of Inox Wind (IWL) hit over seven-year high at Rs 328.20, as they soared 14 per cent on the BSE in Monday’s intra-day trade after the company announced completion of infusion of around Rs. 800 crore (before taxes and fees) into the company by its promoter Inox Wind Energy Limited (IWEL). Shares of IWL were trading at its highest level since January 2016. It had hit a record high of Rs 494.40 in April 2015. In the past one month, the stock price of the company has zoomed 53 per cent. While, since April, thus far in the financial year 2023-24, it has zoomed 251 per cent from level of Rs 93.40 on the BSE.