Inox India Faces Continued Decline Amid Broader Market Recovery Challenges

Apr 07 2025 09:48 AM IST
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Inox India, a midcap engineering firm, faced a notable decline on April 7, 2025, with a cumulative loss of 8.85% over three days. The stock is currently trading below key moving averages and underperforming its sector, while the broader market shows signs of recovery.
Inox India, a midcap player in the engineering sector, has experienced a significant decline of 5.3% on April 7, 2025. The stock opened the day with a gap down of 5.11%, reaching an intraday low of Rs 890.65, marking a drop of 9.31%. Over the past three days, Inox India has seen a cumulative loss of 8.85%, reflecting a broader trend of consecutive declines.

Currently, the stock is trading 4.75% above its 52-week low of Rs 884.65 and is underperforming relative to its sector, which has fallen by 5.62%. Inox India is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In the broader market, the Sensex has shown some recovery after a significant gap down opening, currently trading at 72,548.53, down 3.74%. However, it remains 3.19% away from its own 52-week low. Inox India's performance over various time frames has been notably poor, with a year-to-date decline of 16.14% compared to the Sensex's 7.15%.
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