Inox Wind Stock Sees -3.08% Decline, Underperforming Renewable Energy Sector

Inox Wind, a leading player in the renewable energy industry, has seen a decline in its stock price by -3.08% on October 7th, 2024. This comes after a series of losses in the past three days, with a total fall of -9.69% during this period. The stock is currently trading at Rs 213.8, touching an intraday low of Rs 213.8 (-3.91%).

According to MarketsMOJO, a leading stock analysis platform, the stock has been given a 'Hold' call. It is also a part of the Momentumnow Stocks on MarketsMOJO since May 24th, 2024. The stock has been underperforming the sector by -1.81% today and the renewable energy sector as a whole has fallen by -2.44%.

Despite the recent decline, Inox Wind's stock is still performing well in the long term, with its moving averages higher than the 100 day and 200 day moving averages. However, it is currently lower than the 5 day, 20 day, and 50 day moving averages.

In comparison to the overall market performance, Inox Wind has underperformed with a -3.33% decline in the past day, while the Sensex has seen a 0.34% increase. In the past month, the stock has seen a -4.27% decline, while the Sensex has seen a 0.96% increase.

It is important to note that this article is based on factual information and does not include any external data or sources. It is recommended to do your own research and consult with a financial advisor before making any investment decisions.