Inox Wind Experiences Volatility Amid Mixed Performance in Renewable Energy Sector

Inox Wind, a key player in the renewable energy sector, saw a notable increase of 3.12% on January 16, 2025, marking its third consecutive day of gains, totaling 12.48% over this period. The stock reached an intraday high of Rs 167.75, reflecting a peak increase of 2.51%. However, despite these recent gains, Inox Wind's performance over the past month has declined by 13.59%, contrasting with the broader market, as represented by the Sensex, which fell by 5.63%. The stock exhibited significant volatility today, with an intraday volatility rate of 108.05%, indicating active trading. Inox Wind's current performance metrics show that it is above its 5-day moving average but below its 20-day, 50-day, 100-day, and 200-day moving averages. The renewable energy sector as a whole experienced a gain of 2.14% on the same day, highlighting a positive trend within the industry.