Stock of this wind energy solutions provider has zoomed 108% in 7 weeks

So far in December, IWL has surged 59 per cent after it completed infusion of around Rs 800 crore (before taxes and fees) by its promoter Inox Wind Energy Limited (IWEL)

Shares of Inox Wind (IWL) surged 5 per cent to Rs 444.20 on the BSE in Thursday’s intra-day trade, extending its past one and half month rally amid hopes of improvement in its operating performance.  

In the past seven weeks, the market price of IWL has more than doubled or zoomed 108 per cent from a level of Rs 213.70 on November 2.

On Wednesday, the stock had hit the highest level in over eight years to Rs 450.85. This was the highest level since July 2015. The stock had hit a record high of Rs 494.40 on April 17, 2015.

At 10:50