GAGA Share Market News

[hfe_template id='11223'] [ad_1] Domestic brokerage Nuvama initiated coverage on Inox Wind and Suzlon Energy, with target prices suggesting an upside potential of 33% and 15%, respectively. Nuvama has a ‘buy’ rating and a target price of Rs 195 on Inox Wind as it believes the company is one of the only two WTG and turnkey EPC companies in India, wherein annual wind demand is reviving to more than 12GW. Inox seems to be a beneficiary of the regulatory tailwind and favourable market conditions, coupled with its order book climbing to new highs, the brokerage said. The revival of Inox is led by the spike in evening power demand (non-solar hours), catalysing renewable energy tenders to move towards RTC/wind-solar-hybrid coupled with C&I demand from industrial consumers. "Reviving macros in a duopolistic wind EPC market shall enable it to achieve OB/revenue CAGR of 44%/73% (FY24–27E)," said Nuvama.Also read: Neither Adani, Ambani or Tata! Modi stocks is the bigg...

[hfe_template id='11223'] [ad_1] The shares of Winsol Engineers debuted on the NSE SME platform with a premium of 387% on Tuesday. The stock was listed at Rs 365 as against an issue price of Rs 75. Ahead of the debut, the company's shares traded with a premium of Rs 200 in the unlisted market. The IPO, which was completely a fresh equity issue of 31.15 lakh shares, received a bumper subscription of over 600 times at close. The net proceeds from the public offer will be used for setting up working capital requirements, general corporate purposes, and public issue expenses. Based in Jamnagar, Winsol Engineers is an integrated engineering, procurement, construction and commissioning company providing Balance of Plant (BoP) solutions for both wind and solar power generation companies.Its core services for BoP Solutions include foundation work, substation civil and electrical work, right of way services, cabling to substation and Grid, and other miscellaneous activities.A...

[hfe_template id='11223'] [ad_1] While the entire green energy sector has been on an uptrend, solar companies are being seen as the biggest beneficiary of the push towards renewables with both Ambanis and Adanis vying for a piece of the pie. Smallcap solar company Waaree Renewable Technologies has been the top gainer in the solar pack with a mind-boggling annual return of 1,318%, followed by 561% gain in WAA Solar, 393% in Zodiac Energy and 236% in SJVN. Other top multibaggers in the list include KP Energy, Adani Power, BF Utilities, Orient Green Power, CESC and JSW Energy. Why solar stocks? With the world shifting to renewable sources of energy, solar has surpassed wind to become the largest source of new electricity for the second year running on the world map. Back home, India is also on the cusp of shifting to a green energy ecosystem from a fossil fuels-dominated one by creation of green energy capacity of 340 GW by 2030 at a projected expenditure budget of Rs 20 la...