Inox India Opens Strong with 4.02% Gain Amid Positive Sector Trends
Inox India, a midcap engineering firm, opened with a gain and has shown a positive trend in recent trading, achieving a notable intraday high. The stock is currently above several moving averages but below the 200-day average, and it has a high beta, indicating greater volatility compared to the market.
Inox India, a midcap player in the engineering sector, has shown notable activity today, opening with a gain of 4.02%. The stock's performance aligns with the sector, which has seen an overall increase of 3.66%. Over the past two days, Inox India has recorded a total return of 4.22%, reflecting a positive trend in its recent trading activity.Today, the stock reached an intraday high of Rs 1026.15, marking a 4.14% increase. In terms of moving averages, Inox India is currently positioned higher than its 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day moving average.
Inox India's one-day performance stands at 3.52%, outperforming the Sensex, which recorded a gain of 2.47%. However, over the past month, Inox India has underperformed relative to the Sensex, with a return of 2.46% compared to the index's 8.33%.
The stock is characterized as high beta, with a beta of 1.20, indicating that it tends to experience larger fluctuations than the broader market.
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