Inox Wind shares lose multibagger tag; fresh price targets, outlook and more 

Shares of Inox Wind have lost steam in the last nine months. The multibagger stock, which clocked gains of nearly 600% in two years in May 2025 is down 2% for the same time span today. In short term, Inox Wind shares have decreased investor wealth falling up to 26% in six months and 31% in a year. In a month, the stock is down 4%. 

Profitbooking and weakness in the broader market has dragged the stock 35% from its 52-week high of Rs 198.19 reached on June 2, 2025. Inox Wind stock hit a record high of Rs 262.10 on September 23, 2024. 

However, the green energy stock surged 377% in three years and 709% in five years. 

In the current session, the stock climbed 4.63% to Rs 128.60 against the previous close of Rs 122.90. Market cap of Inox Wind climbed to Rs 21,896 crore. Total 4.12 lakh shares of the firm changed hands amounting to a turnover of Rs 5.18 crore.

Inox Wind shares have a beta of 2, indicating high volatility in a year. The green energy stock is trading higher than the 5 day, 10 day, 20 day but lower than the 30 day, 50 day, 100 day, 150 day and 200 day moving averages.

Axis Securities sees a 54% upside on the stock from the current levels. The brokerage has an overweight stance on the wind energy stock. 

"We assign a target P/E multiple of 29x to our Sep’27 EPS estimate. After adjusting for the minority stake  in Inox Green Energy Services Ltd and Resco Global (~8%), we arrive at a TP of Rs 190/share," said the brokerage. 

Jigar S Patel from Anand Rathi said, "Support will be at Rs 124 and resistance at Rs 129. A decisive move above the Rs 129 level may trigger a further upside of Rs 133. The expected trading range will be between Rs 124 and Rs 133 for the short-term."

AR Ramachandran, part time SEBI registered Research Analyst, Tips2trades  says, "Inox Wind stock price is bullish on the Daily charts with strong support at Rs 123. A Daily close above the resistance of Rs 131 could lead to a target of Rs 142 in the near term."

Brokerage Anand Rathi has a price target of Rs 199 on the stock. 

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$ 12 BN INOXGFL Group which has a legacy of over nine decades and is primarily focused on two business verticals - chemicals and renewable energy.