Waaree Renewables Technologies' Stock Declines by -5.0% in Line with Sector Performance

Waaree Renewables Technologies, a midcap company in the electric equipment industry, saw a decline of -5.0% in its stock on November 8th, 2024. This was in line with the overall performance of the sector, as the company underperformed by -3.7%. The stock has been on a downward trend for the past two days, with a total loss of -6.4% during this period.

On the day of the decline, Waaree Renewables Technologies' stock hit an intraday low of Rs 1620.35, representing a decrease of -4.82%. However, the stock's moving averages show a mixed picture, with the 5-day and 20-day averages higher than the stock's current price, but the 50-day, 100-day, and 200-day averages lower.

In comparison to the overall market performance, Waaree Renewables Technologies' stock has underperformed. On the day of the decline, the stock's performance was -5.00%, while the Sensex's performance was only -0.24%. Over the past month, the stock has also underperformed the Sensex, with a decline of -4.74% compared to the Sensex's -2.80% decrease.

Overall, the stock call for Waaree Renewables Technologies by MarketsMOJO is 'Hold'. This information is based on the company's recent performance and does not take into account any future potential or expert opinions. Investors should carefully consider all available information before making any decisions regarding this stock.