Inox India's share price today has witnessed a sudden surge to ₹1,042 from its last close of ₹904.85, a gain of 15%. This represents sustained investor optimism and the strength of the company against general market swings.
Stock Movement: The stock had an opening of ₹956.65, reached an intraday high of ₹1,043.40, and touched a low of ₹945.55 intra-day. Volatility such as this speaks of increased investor enthusiasm.
Trading Volume: 4,215,101 shares were traded, with a value of ₹43,893.95 lakhs. The high volume indicates strong market participation in the upward movement of the stock.
VWAP Indicator: The Volume Weighted Average Price (VWAP) of ₹1,012.41 indicates that the stock has been trading at a premium, indicating consistent demand.
Inox India has always beaten the wider indices. On February 27, 2025, the stock jumped by 9.23%, far outclassing the Sensex, which rose a paltry 0.08%. In the last month, the company gave a return of 7.96%, whereas Sensex fell by 0.94%. This surge indicates robust investor confidence in Inox India's growth prospects.
Market Capitalization: ₹9,451 crore, reiterating its mid-cap status with growth prospects.
Beta Value: Having a value of 0.97, Inox India stock exhibits less volatility than the market. It is therefore a relatively stable investment.
Book Value Per Share: At ₹82.71, the book value is well below the prevailing market price, and it can be seen that investor sentiment is creating the premium.
Dividend Yield: The yield of 1.06% offers reasonable dividend yields for investors, although capital gains are still the priority.
Moving Averages: The stock trades above its 5-day as well as its 20-day moving averages but below its 50-day, 100-day, and 200-day moving averages. It indicates short-term momentum but warning for long-term investors.
Circuit Limits: The stock is subject to a higher circuit limit of ₹1,085.80 and a lower circuit limit of ₹723.90 to control extreme volatility under regulatory provisions.
Earnings Per Share (EPS) & PE Ratio: With its trailing twelve months (TTM) EPS of ₹22.54 and a PE ratio of 46.20, the company is being traded at a premium to the industry average of 43.35. This indicates that investors are hopeful about the future earnings growth of Inox India.
Price-to-Book Ratio (P/B): At 12.60, this ratio also confirms the idea that market sentiment is a force behind the current valuation of the stock.
Inox India shares’ recent price surge reflects strong investor sentiment, robust financials, and positive market momentum. Given the stock's premium valuation, analysts recommend a ‘BUY’ rating. Investors should look out for the stock’s ability to maintain its growth trajectory in sustaining interest and price stability before making any decisions.