3 Free Shares: Multibagger Wind Energy Stock Sets May 18 As Record Date For Bonus Issue, Eligible?

Inox Wind Ltd today fixed May 18, 2024 (Saturday) as the record date to determine eligibility of members entitled to receive bonus equity share in the proportion of 3:1. Last trading price of Inox Wind share on BSE is Rs 614.90 per share with intraday fall of 1.96% as on May 3, 2024. Earlier on April 25, 2024 the company recommended 3:1 bonus issue. Inox Wind Ltd share offered stunning returns of 186% in last 6-months only and 468% return in last 1-year. More details below:

How To Be Eligible For Inox Wind Bonus Shares? Shareholders who hold the Inox Wind's shares before the ex-date and record date will become eligible to get bonus shares from the company. Eligibility for bonus shares will depend on record date and ex-date of the shareholders. The record date is the cut-off date that the company sets.

Inox Wind Declares Record Date For 3:1 Bonus Share: According to the BSE filing of the company dated May 4, "Pursuant to Regulation 42 of Listing Regulations, we would like to inform you that the Company has fixed Saturday, 18th May, 2024 as the 'Record Date' to determine the eligibility of Members entitled to receive bonus equity shares in the ratio of 3:1 i.e. 3 (three) new bonus equity shares of Rs. 10/- each for every 1 (one) existing equity share of Rs, lo/- each, as recommended by the Board of Directors in its meeting held on 25th April, 2024."

Inox Wind Share Performance: The 52-week high price of Inox Wind Ltd shares on BSE is Rs 663.00 per share (as on 26/04/2024) and 52-week low price is Rs 107.30 per share (as on 4/05/2023), respectively. The company has a market capitalisation of Rs 20,042.57 crore. Inox Wind shares offered return of 14% in last 1-month, gained 20% in last 3-months, rose sharply by 468% in last 1-year, and jumped 691% in last 3-years. Inox Wind share has PE of -86 and EPS (TTM) of -7.07.

Inox Wind Latest Order Win: The BSE filing of the company stated, "Inox Wind Limited (IWL), India's leading wind energy solutions provider, has bagged an order for the supply of 210 MW of Wind Turbine Generators (WTGs) from Hero Future Energies (HFE), one of the leading renewable energy players in India. The order is for IWL's state-ofthe-art 3 MW Wind Turbine Generators (WTGs), and the scope comprises of equipment supply with certain add-on services. Additionally, Inox Wind will also provide post commissioning multi-year operations & maintenance (O&M) services. The WTGs will be supplied to HFE from Q3 FY25 onwards and will be installed in South India."

Inox Wind Financials: The company on February 9, 2024 declared its net profit at Rs 1.81 crore for the December 2023 quarter amid higher revenues. It witnessed a loss of Rs 287.86 crore for the October to December quarter an year ago, as per the BSE filing of the company. Its total income surged to Rs 506.88 crore in the quarter under review from Rs 237.68 crore reported in the similar quarter of last year. The company'S EBIDTA was announced at Rs 99.5 crore in the quarter as compared to the EBITDA loss of Rs 172.5 crore in the similar quarter of last year. Its orderbook stood at 2.6 GW.

About: Inox Wind Limited (IWL) is India's leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate investors. IWL is a part of the US$ ~ 8 BN INOXGFL Group which has a legacy of over nine decades and is primarily focused on two business verticals - chemicals and renewable energy. IWL is a fully integrated player in the wind energy market with four state-of-the-art manufacturing Plants in Gujarat, Himachal Pradesh and Madhya Pradesh, where Blades, Tubular Towers, as well as Hubs & Nacelles are manufactured, according to BSE filing of the company.

Disclaimer: The stock highlights the bonus share and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.