IEX Stock Price Declines by -5.76% Despite Positive Sector Performance

Indian Energy Exchange (IEX) has seen a decline in its stock price by -5.76% on July 10, 2024. This midcap company, which operates in the power industry, has been given a 'Hold' call by MarketsMOJO.

Despite the overall positive performance of the sector, IEX underperformed by -5.25% on the same day. The stock touched an intraday low of Rs 171.65, a decrease of -6.23% from the previous day's closing price.

However, the stock's moving averages show a positive trend, with the 50-day, 100-day, and 200-day moving averages higher than the current stock price. On the other hand, the 5-day and 20-day moving averages are lower than the current stock price.

In comparison to the Sensex, IEX's performance on July 10 was -5.35%, while the Sensex's performance was -0.74%. Over the past month, IEX's stock has shown a growth of 4.78%, slightly higher than the Sensex's performance of 4.28%.

Despite the recent decline in stock price, IEX remains a strong player in the power industry with a midcap size. Investors are advised to hold their positions and monitor the stock's performance in the coming days.