Indian Renewable Energy Development Agency's Stock Sees Decline Amidst Underperforming Sector

Indian Renewable Energy Development Agency (IREDA) is a largecap finance company that specializes in providing financial assistance for renewable energy projects in India. On October 23, 2024, the company's stock saw a decline of -3.76%, closing at Rs 192.45. This performance was deemed as underperforming the sector by -4% according to MarketsMOJO, who have given a 'Sell' call for the stock.

The stock has been on a downward trend for the past 6 days, with a consecutive fall of -13.51% during this period. On the day of the decline, the stock touched an intraday low of Rs 191.15, a decrease of -4.19%. While the stock's performance is higher than its 200 day moving average, it is lower than its 5 day, 20 day, 50 day, and 100 day moving averages.

In comparison to the overall market performance, Indian Renewable Energy Development Agency Ltd's 1 day performance was -4.34% while the Sensex's performance was -0.16%. Similarly, the company's 1 month performance was -17.11% compared to the Sensex's -5.70%.

Despite the recent decline in stock price, it is important to note that this article is purely informative and does not offer any recommendations or mention any potential for future growth. As a largecap finance company in the renewable energy industry, Indian Renewable Energy Development Agency Ltd plays a crucial role in promoting sustainable development in India.