Inox Wind Faces Short-Term Challenges Amid Strong Long-Term Growth in Renewable Sector

Inox Wind, a prominent player in the renewable energy sector, experienced a decline of 3.09% on May 6, 2025, underperforming its sector by 1.03%. The stock reached an intraday low of Rs 167.55, reflecting a drop of 3.18%. Despite this downturn, Inox Wind's performance over the past month has been relatively strong, with an increase of 8.81%, outpacing the Sensex's gain of 6.88% during the same period.
In terms of moving averages, Inox Wind is currently positioned above its 20-day and 50-day moving averages but below its 5-day, 100-day, and 200-day moving averages. This indicates a mixed short-term trend. The broader renewable energy sector also faced challenges, declining by 2.08%.

On the market front, the Sensex opened positively but later fell by 361.61 points, trading at 80,545.63, a decrease of 0.31%. Despite this recent dip, the Sensex has shown resilience with a 7.17% gain over the past three weeks. Inox Wind remains a significant player in the renewable energy landscape, with a notable long-term performance of 598.86% over the past three years.