Inox India's Stock Price Drops by -5.18% on May 24th, MarketsMOJO Calls it a 'Sell'.

May 24 2024 02:05 PM IST
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On May 24th, 2024, Inox India, a midcap engineering company, saw a -5.18% decline in its stock price, with MarketsMojo giving a 'Sell' call. The stock has underperformed the sector by -4.66% and has been on a consecutive fall for the last 4 days. Moving averages show a mixed trend, while Inox India's performance compared to Sensex has been -5.08% and -8.87% in the last 1 day and 1 month respectively. Investors and experts are advised to closely monitor the stock's performance.

Inox India, a midcap engineering company, has seen a decline in its stock price by -5.18% on May 24th, 2024. This drop in stock price has been reflected in the stock call given by MarketsMOJO, which is 'Sell'.

The stock has underperformed the sector by -4.66% today and has been on a consecutive fall for the last 4 days, with a total decline of -7.65% during this period. The stock also touched an intraday low of Rs 1254 (-5.29%).

While the moving averages for Inox India are higher than the 100 day and 200 day moving averages, they are lower than the 5 day, 20 day, and 50 day moving averages. This indicates a mixed trend for the stock.

In comparison to the Sensex, Inox India's performance has been -5.08% in the last 1 day and -8.87% in the last 1 month, while the Sensex has shown a positive performance of 0.16% and 2.28% respectively.

Investors and experts are advised to closely monitor the performance of Inox India in the coming days to make informed decisions. This news article is for informational purposes only and does not provide any recommendations.
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