Nuvama sees 31% upside in this renewable energy play: What’s fuelling the bullish call?

Inox Wind’s share price is expected to rise by 31%, with Nuvama retaining a ‘Buy’ recommendation due to strong revenue visibility until FY27. The Inox Group has undergone restructuring and is expanding its renewable energy focus. Inox Green has entered the solar O&M market and IRSL is expanding its manufacturing and service capabilities.