Inox Wind Energy Shows Signs of Recovery Amid Broader Sector Gains
Inox Wind Energy showed a significant recovery on January 14, 2025, after four days of decline, outperforming its sector. Despite this intraday high, the stock remains below key moving averages, reflecting a longer-term downward trend, while the broader renewable energy sector also experienced gains.
Inox Wind Energy, a midcap player in the renewable energy sector, experienced a notable gain of 5.0% on January 14, 2025, allowing it to outperform its sector by 1.03%. After four consecutive days of decline, the stock showed signs of a trend reversal, opening the day with a loss of 4.67% before recovering to reach an intraday high of Rs 9032.6. Throughout the trading session, Inox Wind Energy recorded a low of Rs 8201.05. Despite the day's positive movement, the stock remains below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. In comparison, the broader renewable energy sector saw an overall gain of 4.01%. Over the past month, Inox Wind Energy has faced challenges, with a decline of 18.08%, contrasting with the Sensex's decrease of 6.86%.
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