Inox Wind Energy's Stock Reaches All-Time High

Dec 30 2023 09:31 AM IST
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Inox Wind Energy, a midcap company in the renewable energy industry, has seen a surge in its stock price, reaching an all-time high on December 30th, 2023. The stock has outperformed the sector by 4.13% today and has been on a consecutive gain for the last two days. According to MarketsMojo, the stock has been given a 'Sell' call, but has shown impressive growth over the past year and is currently trading higher than its moving averages.
Inox Wind Energy's Stock Reaches All-Time High

Inox Wind Energy, a midcap company in the renewable energy industry, has recently seen a surge in its stock price, reaching an all-time high on December 30th, 2023. The stock, which is currently trading at Rs.5399.55, has outperformed the sector by 4.13% today.

According to MarketsMOJO, a leading financial analysis platform, the stock has been given a 'Sell' call. However, it is worth noting that Inox Wind Energy has been on a consecutive gain for the last two days, with a 7.53% increase in its returns during this period. The stock also touched an intraday high of Rs.5399.55, a 5% increase from its previous close.

Inox Wind Energy's performance over the past year has been impressive, with a 472.68% increase compared to the Sensex's 18.17% growth. The company's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

As a midcap company in the renewable energy industry, Inox Wind Energy has shown strong growth potential and has attracted investor interest. However, it is important to note that this article is based on factual information and does not make any recommendations or predictions about the company's future performance.
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