Waaree Renewables Technologies sees 5% stock price increase, outperforms sector and Sensex

Waaree Renewables Technologies, a midcap company in the electric equipment industry, has seen a 5.0% increase in its stock price on November 28, 2024. This rise in stock price has been attributed to the company's strong performance in the market.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current stock call for Waaree Renewables Technologies is 'Sell'. However, the company has outperformed its sector by 4.71% and has been gaining for the past two days, with a 5.54% increase in returns during this period.

The stock opened with a gain of 5% today and reached an intraday high of Rs 1494.45. It has since maintained this price, showing no range in its trading. The moving averages for the stock are higher than the 5-day moving average, but lower than the 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex performance, Waaree Renewables Technologies has shown a 1-day performance of 5.00%, while the Sensex has seen a -0.05% performance. Similarly, in the past month, the company has outperformed the Sensex with a 3.61% increase in stock price, while the Sensex has only seen a 0.24% increase.

Overall, Waaree Renewables Technologies has shown a strong performance in the market, with a significant increase in its stock price. However, investors should take note of the current 'Sell' recommendation by MarketsMOJO and do their own research before making any investment decisions.