New Delhi, July 3 -- Multibagger renewable energy stock has recieved a bullish note from domestic brokerage house Motilal Oswal Financial Services. The brokerage initiated coverage on the stock with a 'Buy' rating and set a target price of Rs.210 per share, implying a potential upside of almost 19 percent from its previous close of Rs.176.85.

Motilal Oswal said, "We initiate coverage on Inox Wind Limited (IWL) with a BUY rating and a target price of Rs.210 per share." The brokerage noted that Inox Wind is a leading vertically integrated player in India's wind energy sector, offering end-to-end solutions, including project conception, commissioning, and long-term operations and maintenance (O&M) services.

As of FY25-end, Inox Wind had an...