Suzlon Energy's Stock Declines by -3.33% in Line with Sector Performance

Suzlon Energy, a leading player in the renewable energy industry, saw a decline of -3.33% in its stock on October 29, 2024. This was in line with the overall performance of the sector, which fell by -2.11%. The stock opened with a gain of 2.81% but closed lower at Rs 68.7, touching an intraday low of Rs 68.7 (-3.03%).

According to MarketsMOJO, a leading stock analysis and recommendation platform, the stock call for Suzlon Energy is 'Sell'. The stock has also underperformed the sector by -1.45% today.

In terms of moving averages, Suzlon Energy's stock is currently higher than its 100-day and 200-day moving averages, but lower than its 5-day, 20-day, and 50-day moving averages. This indicates a mixed trend for the stock in the short term.

It is worth noting that Suzlon Energy's stock performance has been weaker compared to the overall market performance. In the past month, the stock has declined by -15.89%, while the Sensex has fallen by -7.05%. Similarly, in the past day, Suzlon Energy's stock performance was -3.74%, while the Sensex performance was -0.59%.

Investors should keep an eye on Suzlon Energy's stock performance and monitor any changes in the company's financials and operations. As of now, the stock call remains 'Sell' according to MarketsMOJO.