Inox Wind Stock Sees 5.2% Increase, Outperforms Sector and Market on October 18

Inox Wind, a leading player in the renewable energy industry, saw a 5.2% increase in its stock price on October 18, 2024. This growth was in line with the overall positive trend in the market, as the company's stock has been performing well since May 24, 2024, when it was added to the Momentumnow Stocks list on MarketsMOJO.

Despite a slight dip in the stock price in the past two days, Inox Wind has outperformed the sector by 2.14% and is currently trading higher than its 5-day, 100-day, and 200-day moving averages. However, it is currently lower than its 20-day and 50-day moving averages.

On October 18, the stock reached an intraday high of Rs 221, showing a 2.53% increase, and an intraday low of Rs 208.6, with a decrease of 3.22%. This indicates a volatile trading day for Inox Wind.

In comparison to the overall market performance, Inox Wind has shown a strong 1-day performance of 4.20%, while the Sensex has only seen a 0.25% increase. However, in the past month, the stock has seen a decline of 9.64%, while the Sensex has also seen a negative performance of -2.10%.

Based on these numbers, MarketsMOJO has given a 'Hold' call for Inox Wind's stock. As a largecap company in the renewable energy industry, Inox Wind continues to be a strong player in the market, with a positive outlook for the future.