Inox Green Energy Services Hits Lower Circuit Limit at Rs 225.45 Amid Trading Challenges

Inox Green Energy Services Ltd, a small-cap player in the Other Utilities sector, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price (LTP) was Rs 243.70, reflecting a decline of Rs 6.80 or 2.71% from the previous close. The stock reached an intraday low of Rs 225.45, marking a notable drop in performance.
Today's trading saw a total volume of approximately 6.87 lakh shares, resulting in a turnover of Rs 16.52 crore. The stock has been on a downward trend, having underperformed its sector by 1.13% and recorded a consecutive fall over the last four days, with a cumulative decline of 5.15% during this period.

Despite trading above its 50-day, 100-day, and 200-day moving averages, Inox Green Energy Services is currently below its 5-day and 20-day moving averages. The weighted average price indicates that more volume was traded closer to the low price, suggesting a shift in investor sentiment.

Overall, the stock's performance today reflects ongoing challenges, with a 1D return of -4.37%, contrasting with the sector's return of -1.25% and the Sensex's -0.26%.