IREDA's Stock Sees -3.16% Decline, Underperforms Sector by -2.97%: MarketsMOJO.

Indian Renewable Energy Development Agency (IREDA) is a leading finance and non-banking financial company (NBFC) in the renewable energy sector. On October 22, 2024, the company's stock saw a decline of -3.16%, closing at Rs. 205.75 per share. This performance was deemed as 'Hold' by MarketsMOJO, a leading stock market analysis platform. The stock's price summary for the day showed that it underperformed the sector by -2.97%. It has also been on a consecutive fall for the last 5 days, with a total decline of -8.64% during this period. The stock touched an intraday low of Rs. 203, which is a decrease of -3.4%. While the stock's moving averages are higher than the 200-day moving average, it is lower than the 5-day, 20-day, 50-day, and 100-day moving averages. This indicates a mixed trend in the stock's performance. In comparison to the overall market performance, Indian Renewable Energy Development Agency Ltd's 1-day performance was -3.74%, while the Sensex's performance was -0.20%. Similarly, the stock's 1-month performance was -12.93%, while the Sensex's performance was -4.20%. Indian Renewable Energy Development Agency Ltd is a large-cap company in the finance and NBFC industry. While the stock's recent performance may be a cause for concern, it is important to note that this article is purely based on facts and does not make any recommendations or mention any future potential. Investors are advised to do their own research and consult with their financial advisors before making any investment decisions.