Inox Wind jumps over 9% as the company prepares to debate the issuing of bonus equity shares at a board meeting
Inox Wind Share Price: On Tuesday, April 23, 2024, the renewable energy firm stated that its Board will review and accept the proposal for the issuing of bonus equity shares in a meeting on April 25. This news caused Inox Wind’s share price to skyrocket by about 9% on the BSE.
Inox Wind’s stock, which opened trading on Tuesday at Rs 640.00, shot up to the day’s high of Rs 645.75, an 8.93% increase from its previous close of Rs 592.80.
At 10:21 a.m. on Tuesday, the company’s shares were up 5.14 per cent, or Rs 30.45, at Rs 623.25.
On Tuesday, Inox Wind shares almost reached their 52-week high of Rs 648.00.
In a statement sent to bourses on Monday, Inox Wind “A Meeting of the Board of Directors of the Company is scheduled to be held on Thursday, April 25, 2024, inter-alia, to consider and approve the proposal for issuance of bonus equity shares to the shareholders of the company.”
Inox Wind: What Is It?
According to the company’s website, Inox Wind is a fully integrated participant in the wind energy industry, with cutting-edge production facilities for hubs and nacelles in Una (Himachal Pradesh) and blades and tubular towers close to Ahmedabad (Gujarat).
Additionally, Inox Wind has an integrated manufacturing facility in Madhya Pradesh’s Barwani area.
