Sterling & Wilson Renewable Energy Stock Rebounds with 5% Increase, Outperforms Sector.

Sterling & Wilson Renewable Energy, a midcap engineering company, saw a 5.0% increase in its stock price on March 21, 2024. This outperformance was noted by MarketsMOJO, who have given a 'Sell' call for the stock.

The stock touched an intraday high of Rs 491.8, a 5% increase from the previous day's close. This is a significant rebound for the stock, which had been on a downward trend for 8 consecutive days.

While the stock's performance today has been positive, it is important to note that it is still lower than its 5, 20, and 50 day moving averages. However, it is higher than its 100 and 200 day moving averages, indicating a potential trend reversal.

In comparison to the overall sector, engineering, Sterling & Wilson Renewable Energy has outperformed by 2.96%. This is a positive sign for the company, as the sector itself has seen a 2.55% increase.

It is worth noting that the stock's performance over the past month has been negative, with a -14.01% decrease. However, this is still better than the Sensex's performance, which has only seen a 0.04% increase.

Overall, Sterling & Wilson Renewable Energy's stock has shown a positive performance today and has outperformed its sector. However, its recent trend has been on a downward trajectory. Investors should keep an eye on the stock's performance in the coming days to see if this rebound is sustained.