Inox Wind shares fell more than 8% today after a significant amount of equity changed hands.
Additionally, 5% of the equity was sold at ₹151 per share. Reports not immediately identify the parties involved in the transaction. The transaction was executed at a floor price of Rs 151 apiece, an over 8 percent discount from the stock’s previous close.
Earlier this month, Inox Wind reported a consolidated profit of ₹36.72 crore for the March 2024 quarter, a turnaround from a net loss of ₹119.04 crore in the same period last year. The company’s total income for the fourth quarter of FY24 surged to ₹563.07 crore, up from ₹193.83 crore a year ago.
As of 9:35 am, Inox Wind shares were trading at ₹147.75 on the NSE, down 10%.
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Inox Wind