Stock to buy, April 25 -- Inox Wind share price declined over 7% on Friday amid heavy trading volumes, snapping its four day gaining streak. Inox Wind shares fell as much as 7.45% to Rs.167.05 apiece on the BSE.
The fall in Inox Wind share price today comes after a sharp 30% rally in the stock during the past 11 consecutive sessions.
Brokerage firm Anand Rathi has recommended Inox Wind shares as its stock pick of the month and sees a potential upside in the stock.
According to Anand Rathi, Inox Wind shares have managed to confirm a breakout above Rs.177 mark after a long period of consolidation.
"There is a strong base of double bottom formation around the Rs.140 zone. Price action is supported with a major range shift in daily RSI,: ...
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