Inox Green Energy Services Stock Drops -5.22% on November 4th, MarketsMOJO Labels as 'Hold'

Inox Green Energy Services, a midcap company in the renewable energy industry, has seen a decline of -5.22% in its stock on November 4th, 2024. This drop has been reflected in the stock call given by MarketsMOJO, which has labeled it as a 'Hold'.

The stock's performance today has underperformed the sector by -2.81%, indicating a downward trend. This is further supported by the fact that the stock has fallen after three consecutive days of gains. Intraday, the stock touched a low of Rs 167.85, a decrease of -5.3%.

While the stock's moving averages are higher than the 5-day and 200-day averages, they are lower than the 20-day, 50-day, and 100-day averages. This suggests a mixed trend for the stock in the short term.

In the renewable energy sector, Inox Green Energy Services has fallen by -2.39%, in line with the overall trend. However, it is important to note that the stock's performance today, as well as its 1-month performance of -13.52%, is significantly lower than the Sensex's performance of -1.15% and -3.52%, respectively.

Overall, Inox Green Energy Services has seen a decline in its stock performance, with a 'Hold' recommendation from MarketsMOJO. Investors should keep an eye on the stock's moving averages and sector performance for any potential changes in the future.