Inox Wind Energy's Stock Sees -5.29% Decline, Rated 'Hold' by MarketsMOJO

Inox Wind Energy, a midcap company in the renewable energy industry, has seen a decline in its stock price by -5.29% on November 4th, 2024. This drop in stock value has been reflected in the 'Hold' rating given by MarketsMOJO.

The stock's performance today has underperformed the sector by -3.21%, indicating a downward trend. In the last two days, the stock has consecutively fallen and has recorded a -5.55% decrease in returns during this period. The stock also touched an intraday low of Rs 11305, representing a -5.3% decline.

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 stock's performance.

In the renewable energy sector, Inox Wind Energy's stock has fallen by -2.39%. In comparison, the Sensex has recorded a -1.15% decline in performance on the same day.

Looking at the stock's performance over a longer period, in the last month, Inox Wind Energy's stock has seen a -7.97% decrease, while the Sensex has recorded a -3.52% decline. This indicates a relatively weaker performance by the company's stock compared to the overall market.

Overall, Inox Wind Energy's stock has seen a decline in value, with a 'Hold' rating given by MarketsMOJO. Investors should keep an eye on the stock's performance and the sector's trends before making any investment decisions.