IEX Stock Price Faces Downward Trend, Outperforms Power Sector Today

Indian Energy Exchange (IEX) has been facing a downward trend in its stock price, with a loss of -5.89% on March 13, 2024. The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on the company's performance.

In terms of price performance, IEX has outperformed the power sector by 1.16% today. However, the stock has been on a consecutive fall for the last 3 days, with a total decline of -10.38% during this period. The stock also touched an intraday low of Rs 131.65, a decrease of -6.6%.

IEX is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the stock. The power sector as a whole has also seen a decline of -7.16%.

In comparison to the Sensex, IEX's performance has been weaker, with a 1-day decline of -5.11% compared to the Sensex's -1.17%. Over the past month, IEX has also underperformed the Sensex, with a decline of -7.31% compared to the Sensex's 1.75%.

While there is no clear reason for the recent decline in IEX's stock price, investors may want to keep an eye on the company's performance in the coming days. As always, it is important to do thorough research and consult with a financial advisor before making any investment decisions.