IEX stock sees slight dip, but still outperforms market in past month

Indian Energy Exchange (IEX) has experienced a slight dip in its stock price, losing -3.53% on September 24, 2024. The stock is currently trading at Rs. 244.35, which is its new 52-week high. However, it has underperformed the sector by -4.59% today.

According to MarketsMOJO, the stock call for IEX is 'Hold'. The company's stock has fallen after two consecutive days of gains, indicating a possible trend reversal. The day's high for the stock was Rs. 244.35, while the low was Rs. 224.2.

In terms of moving averages, IEX is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This suggests a positive trend for the company's stock.

In comparison to the overall market performance, IEX has underperformed with a 1-day performance of -4.28% compared to the Sensex's -0.02%. However, over the past month, IEX has outperformed the Sensex with a 21.16% growth compared to the Sensex's 4.72%.

IEX is a largecap company in the power generation and distribution industry. While its stock may have experienced a slight dip, it is still performing well in the market and is trading above its moving averages. Investors may want to hold onto their shares for now, as suggested by MarketsMOJO.