Suzlon Energy's Stock Declines by -4.46% on March 4th, Rated as 'Hold' by MarketsMOJO

Suzlon Energy, a leading player in the renewable energy industry, has seen a decline in its stock price by -4.46% on March 4th, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

The stock has underperformed the sector by -2.35% and has been on a consecutive fall for the last 3 days, with a decline of -7.42% during this period. On the same day, the stock touched an intraday low of Rs 41.77, showing a decrease of -4.98%.

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

In the renewable energy sector, Suzlon Energy's stock has fallen by -2.72%. However, it is important to note that the stock's performance should not be solely attributed to the sector's performance.

On the same day, Suzlon Energy's 1-day performance was -4.46%, while the Sensex's performance was 0.03%. Similarly, the 1-month performance of Suzlon Energy was -13.56%, while the Sensex's performance was 2.42%. This shows that the stock's performance is not in line with the overall market trend.

It is important to note that this article is based on factual information and does not include any external data or sources. It is not intended to provide any recommendations or predictions about the future potential of Suzlon Energy's stock. As a largecap company in the renewable energy industry, Suzlon Energy's stock performance will continue to be closely monitored by investors and analysts.