Indian Renewable Energy Development Agency's Stock Faces Decline, Underperforms Sector

Indian Renewable Energy Development Agency (IREDA) has recently faced a decline in its stock price, with a loss of -3.52% on November 13, 2024. The stock has been on a downward trend for the past 5 days, with a consecutive fall of -10.51% during this period. This has led to a 'Hold' call by MarketsMOJO for the stock.

In terms of performance, Indian Renewable Energy Development Agency has underperformed the sector by -1.02% today. The stock also touched an intraday low of Rs 187.1 (-3.85%). It is currently trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

The finance/NBFC sector as a whole has also seen a decline of -2.43%, indicating a broader trend in the industry. However, it is important to note that Indian Renewable Energy Development Agency's 1 day performance of -3.65% is worse than the Sensex's performance of -1.19%. Similarly, its 1 month performance of -17.93% is also worse than the Sensex's performance of -4.48%.

Despite these recent declines, it is important to note that this article is not making any recommendations or predictions about the future potential of Indian Renewable Energy Development Agency's stock. It is simply stating the facts and figures based on the current performance of the company and the sector. Investors are advised to do their own research and make informed decisions.