Websol Energy System Stock Sees -5% Decline, Outperforms Sector Despite Recent Losses

Websol Energy System, a midcap company in the renewable energy industry, saw a decline of -5.0% in its stock on November 11, 2024. According to MarketsMOJO, the stock has been given a 'Hold' call. The stock opened with a loss of -5% and touched an intraday low of Rs 1428. It has been losing for the last 2 days and has fallen -9.75% in this period. The stock is currently trading at the same price it opened at, with no significant range. However, it is performing better than the 20 day, 50 day, 100 day, and 200 day moving averages, but lower than the 5 day moving average. In comparison, the renewable energy sector has fallen by -2.15%. In terms of overall performance, Websol Energy System has underperformed the Sensex by -3.77% today and has seen a 1 month performance of 32.22% compared to the Sensex's -2.36%. While there is no information on the reason for the decline in stock price, investors may want to keep an eye on the company's future performance in the renewable energy sector.