Indowind Energy Standalone June 2023 Net Sales at Rs 4.87 crore, down 30.04% Y-o-Y

Indowind Energy Ltd.’s shares dropped 8.36% despite the company settling its dues with EXIM Bank of India. The Bank will return 40,00,000 pledged equity shares, increasing the promoter and promoter group holdings from 47.07% to 50.77%. The share price at 11:05 a.m. on BSE was Rs. 13.60.

Indowind Energy shares drop 8.36% despite dues clearance

Indowind Energy: Case Study on Rights Issue in Penny Stock: Risk or Opportunity?

Indowind Energy Ltd on Friday said its board has approved the allotment of over 1.75 crore shares for Rs 12 per equity share.

Indowind Energy approves allotment of 1.75 cr shares for Rs 12 per share

Indowind Energy reports consolidated net profit of Rs 0.14 crore in the December 2022 quarter

With a market valuation of ₹150.95 Cr, Indowind Energy Limited is a small cap company that operates in the country’s power industry.

Locked in 5% upper circuit, penny stock sets record date for 2:5 rights issue

Indowind Energy was locked in an upper circuit of 5% at Rs 15.26 after its board in its meeting held on 27 December 2022, approved rights issue of 3.58 crore equity shares aggregating to Rs 43.07 crore.

Indowind Energy hits the roof as board OKs rights issue

Two equity shares will be allotted for every five equity shares held by the eligible equity shareholders of the company, as on the record date

Indowind Energy to allot 3.58 crore shares worth ₹43 crore under rights issue

Indowind Energy board on Tuesday approved a rights issue of 3.58 crore equity shares for Rs 43.07 crore.

Indowind Energy to allot 35.8 mn shares worth Rs 43 cr under rights issue

1 Penny Stock & Indowind Energy in Focus As Board Meetings Scheduled

Indowind Energy Consolidated September 2022 Net Sales at Rs 14.60 crore, up 64.69% Y-o-Y

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Indowind Energy Limited is engaged in the business of generation and distribution of power through windmill.