Indian Renewable Energy Development Agency Ltd's Stock Shows Positive Trend, Outperforms Sector

Indian Renewable Energy Development Agency (IREDA) has shown a positive trend in the stock market, gaining 4.25% on October 29, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

The stock has outperformed the sector by 4.64% and has been on a consecutive gain for the last 2 days, with a rise of 8.42% in returns during this period. The stock also touched an intraday high of Rs 209.1, showing a 5.1% increase.

While the stock's performance is higher than the 5-day and 200-day moving averages, it is lower than the 20-day, 50-day, and 100-day moving averages. This indicates a mixed trend in the stock's performance.

In comparison to the Sensex, Indian Renewable Energy Development Agency Ltd has performed better with a 1-day performance of 3.09% compared to Sensex's -0.59%. However, in the last month, the stock has shown a decline of -11.65%, while the Sensex has declined by -7.05%.

Overall, Indian Renewable Energy Development Agency Ltd has shown a positive trend in the stock market, but with some fluctuations in its performance. Investors may want to keep an eye on the stock's movement before making any investment decisions.