Inox Wind Energy's Stock Declines by -5.92% Amidst Downward Trend in Renewable Energy Market

Inox Wind Energy, a midcap company in the renewable energy industry, has seen a decline in its stock price by -5.92% on October 25th, 2024. This drop in stock value has been reflected in the stock call given by MarketsMOJO, which has rated it as 'Hold'.

The company's performance today has underperformed the sector by -4.48%, indicating a downward trend in the renewable energy market. In the last two days, the stock has been on a consecutive fall, with a total decline of -8.43% during this period. The stock also touched an intraday low of Rs 10800 (-6.01%).

While the stock's moving averages are higher than the 100-day and 200-day averages, they are lower than the 5-day, 20-day, and 50-day averages. This suggests a mixed trend in the company's stock performance.

In comparison to the overall market performance, Inox Wind Energy has seen a decline of -5.14% in the last 1 day, while the Sensex has only seen a decline of -0.43%. Similarly, in the last 1 month, the company's stock has seen a decline of -19.74%, while the Sensex has only seen a decline of -6.40%.

Overall, Inox Wind Energy's stock has seen a decline in value, and the company's performance has been below the sector and market average. Investors may want to keep a close eye on the company's stock performance in the coming days.