Waaree Renewables Technologies' Stock Sees 5% Increase, Outperforms Sector and Sensex
Waaree Renewables Technologies, a midcap company in the electric equipment industry, saw a 5.0% increase in its stock on October 11, 2024. This rise was reflected in the 'Hold' call given by MarketsMojo, as the company's stock outperformed the sector by 4.79% and reached an intraday high of Rs 1750. Its moving averages were higher than the 5-day, 20-day, 50-day, and 200-day moving averages, indicating strong performance.
Waaree Renewables Technologies, a midcap company in the electric equipment industry, saw a 5.0% increase in its stock on October 11, 2024. This rise in stock price was reflected in the 'Hold' call given by MarketsMOJO.
The stock outperformed the sector by 4.79% and reached an intraday high of Rs 1750, showing a 4.65% increase. The company's moving averages were higher than the 5-day, 20-day, 50-day, and 200-day moving averages, but lower than the 100-day moving average.
In comparison to the Sensex performance, Waaree Renewables Technologies' 1-day performance was 5.00%, while the Sensex showed a -0.24% performance. Similarly, the company's 1-month performance was 23.47%, while the Sensex showed a -0.13% performance.
Waaree Renewables Technologies continues to show promising growth in the electric equipment industry, with its stock price and performance outshining the sector and the overall market. Investors can keep a 'Hold' position on the stock, as suggested by MarketsMOJO.
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