Inox Green Energy Services' Stock Price Declines by -5.58% Amidst Overall Sector Downturn
Inox Green Energy Services, a midcap company in the renewable energy industry, has seen a -5.58% decline in its stock price on November 8th, 2024. The stock is currently rated as 'Hold' by MarketsMojo and has underperformed the sector by -0.57%. It is currently trading below its moving averages, indicating a downward trend.
Inox Green Energy Services, a midcap company in the renewable energy industry, has seen a decline in its stock price by -5.58% on November 8th, 2024. According to MarketsMOJO, the stock is currently rated as 'Hold'.
The stock has underperformed the sector by -0.57% and has been on a consecutive fall for the last two days, with a decline of -9.54% in that period. On the same day, the stock touched an intraday low of Rs 157, which is a decrease of -5.79%.
Inox Green Energy Services is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its stock price.
The renewable energy sector as a whole has also seen a decline of -5.01%. In comparison, Inox Green Energy Services' 1-day performance is -6.24% while the Sensex's performance is -0.08%. Similarly, the company's 1-month performance is -19.97% compared to the Sensex's -2.64%.
Overall, Inox Green Energy Services has seen a decline in its stock price and is currently rated as 'Hold' by MarketsMOJO. Investors should keep an eye on the company's performance in the renewable energy sector in the coming days.
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