Adani Energy Solutions' Stock Sees Decline Amidst Underperformance and Moving Averages

Oct 04 2024 12:20 PM IST
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On October 4th, 2024, Adani Energy Solutions' stock price declined by -3.02% and is currently trading at Rs. 984. This is reflected in the 'Sell' rating given by MarketsMojo, as the stock has been underperforming the sector by -2.48% and has been on a consecutive fall for the last 2 days. The stock is also trading below its moving averages, indicating a downward trend. Compared to the Sensex, Adani Energy Solutions has shown a decline of -3.02% in the last 1 day and -4.19% in the last 1 month. Investors should carefully consider these factors before making any investment decisions.

Adani Energy Solutions, a leading player in the power generation and distribution industry, has seen a decline in its stock price on October 4th, 2024. The stock has lost -3.02% and is currently trading at Rs. 984. This decline has been reflected in the stock call given by MarketsMOJO, which has rated it as a 'Sell'.

According to MarketsMOJO, Adani Energy Solutions is part of the Momentumnow Stocks since October 1st, 2024. The stock has been underperforming the sector by -2.48% and has been on a consecutive fall for the last 2 days, with a decline of -5.31% in this period. The stock also touched an intraday low of Rs. 984, showing a decrease of -3.17%.

In terms of moving averages, Adani Energy Solutions is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a downward trend in the stock's performance.

Compared to the overall performance of the Sensex, Adani Energy Solutions has underperformed with a -3.02% decline in the last 1 day and a -4.19% decline in the last 1 month, while the Sensex has shown a 0.88% and 1.05% increase, respectively.

Despite being a largecap company, Adani Energy Solutions has faced a decline in its stock price. Investors should carefully consider these factors before making any investment decisions.
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