Shares of wind energy solutions provider Inox Wind Ltd have lost a third of their value since their March quarter results, vastly underperforming the S&P BSE 500. Also Read: Inox Wind says hybrid wind-solar policy will boost growthIn a presentation, they said the company has cleared its entire inventory backlog. Further, the Inox Wind management sounded optimistic about business prospects. In its presentation, Inox Wind said it closed ‘significant’ orders post June and guided for more wins. For this, Inox Wind has to demonstrate that working capital and margins are on recovery path and it is winning new orders on better terms.

Source: Mint September 06, 2016 03:11 UTC