Investors Eye Inox India as a Safer Proxy Play Amid Speculation Over SpaceX IPO’s Viability.
Recent activity in the Indian stock market has been significantly influenced by the massive oversubscription of the SpaceX initial public offering (IPO). Shares of Inox India surged by 12.15% on the NSE, closing at ₹1,891.60 as investors recognized the potential connection between Inox India and the burgeoning space sector, given that they supply equipment to this ecosystem. The reported valuation of SpaceX, targeting between $1.7 trillion and $1.8 trillion, has further fueled investor enthusiasm in Inox India, establishing it as a notable player amidst the excitement surrounding space investment opportunities.
Investor sentiment has been bolstered by Inox India’s impressive operational performance, showing over 120% year-on-year revenue and gross profit expansion. According to its CEO, Deepak Acharya, the company secured a significant aerospace order valued at approximately ₹200 crore in Q4, with expectations of more high-value contracts in the coming quarters. However, industry analysts express caution, pointing out that while current growth is impressive, the stock is trading at a steep valuation of about 56 times its one-year forward earnings, possibly indicating a market correction as SpaceX’s IPO unfolds.
Given the recent volatility in the stock trading landscape, analysts suggest that investors may want to exercise patience before making new investments in Inox India. With the stock gaining 26% just in the past week and an overall 67% increase since the beginning of 2026, now may be a time for profit-taking and strategic planning. Gaurav Sharma from Globe Capital Market recommends waiting for a dip toward ₹1,700 as a more favorable entry point, targeting levels around ₹2,000 while maintaining a stop-loss below ₹1,550 for those looking to engage in trading. This strategy reflects a keen understanding of market sentiments, particularly in light of the anticipated impact of the SpaceX IPO on related stocks like Inox India.
Source: The Economic Times
(Expert Note: This report was prepared by the Wealthova IPO team.)