New Delhi, Feb. 5 -- Inox Wind has been making headlines lately due to the steep fluctuations in its stock price. As one of the key players in India's race towards renewable energy, its stock appreciated by more than 800% from about Rs.27 apiece in 2023 to reach a peak of Rs.254 per share in September 2024. However, this surge was followed by a sharp decline, wiping out nearly 50% of investor wealth in the subsequent months. In the past week, the stock has managed to recover about 25%.

Let us delve into what has driven this volatility, and try to assess whether the recent recovery is likely to sustain.

Government incentives drive rally to lifetime highs

As the world moves towards renewable energy, India is no different. While thermal c...