Inox Wind Experiences Volatility Amid Mixed Performance in Renewable Energy Sector
Inox Wind experienced a notable increase on January 16, 2025, marking its third consecutive day of gains. Despite this, the stock has declined over the past month. It showed significant volatility during trading, while the broader renewable energy sector also reflected positive trends.
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.
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