IREDA Stock Faces Decline and 'Sell' Call Amidst Consecutive Fall

Indian Renewable Energy Development Agency (IREDA) has been facing a downward trend in its stock performance, with a loss of -3.04% on 2024-10-07. This has led to a 'Sell' call by MarketsMOJO for the company's stock.

In terms of price performance, IREDA has underperformed the sector by -2.33% on the given day. The stock has been on a consecutive fall for the last 4 days, with a total decline of -8.4% during this period. On the day, the stock touched an intraday low of Rs 214.4, showing a decline of -3.31%.

While the stock's performance has been on a downward trend, it is worth noting that its moving averages are still higher than the 200 day moving average. However, it is currently lower than the 5 day, 20 day, 50 day, and 100 day moving averages.

In comparison to the Sensex, IREDA's 1 day performance is -3.63%, while the Sensex has shown a positive performance of 0.15%. Similarly, in the last 1 month, IREDA's performance has been -6.05%, while the Sensex has shown a positive performance of 0.77%.

Overall, IREDA's stock performance has been on a downward trend, with a 'Sell' call by MarketsMOJO. Investors should keep a close eye on the company's performance and market trends before making any investment decisions.