Suzlon Energy's Stock Declines by -3.16% Amidst Mixed Trend and Sector Downturn

Suzlon Energy, a leading player in the renewable energy industry, has seen a decline in its stock price by -3.16% on October 22, 2024. This has been reflected in the stock call given by MarketsMOJO, which has recommended a 'Sell' for the company's stock.

The stock's performance today has been in line with the sector, but it has been on a consecutive fall for the last four days, with a -8.89% decline in returns during this period. The stock also touched an intraday low of Rs 68.2, showing a -3.41% decrease.

While Suzlon Energy's moving averages are higher than the 100-day and 200-day averages, they are lower than the 5-day, 20-day, and 50-day averages. This indicates a mixed trend for the company's stock.

In the renewable energy sector, there has been a decline of -3.36%, which may have contributed to the fall in Suzlon Energy's stock price.

Comparing the performance of Suzlon Energy with the Sensex, the company's stock has shown a -3.16% decline, while the Sensex has only seen a -0.42% decrease. Similarly, in the last month, Suzlon Energy's stock has performed worse than the Sensex, with a -18.03% decline compared to the Sensex's -4.41% decrease.

Overall, Suzlon Energy's stock has seen a decline in its performance, and MarketsMOJO's recommendation to 'Sell' the stock reflects this trend. Investors should keep an eye on the company's future performance and market trends before making any investment decisions.