Websol Energy System's Stock Drops -5% Amidst Positive Trend in Renewable Energy Sector

Websol Energy System, a midcap company in the renewable energy industry, saw a decline of -5.0% in its stock on November 14, 2024. This drop was reflected in the stock call given by MarketsMOJO, which advised investors to hold onto their shares.

The stock opened with a loss of -5% and continued to underperform the sector by -4.48%. This marks the fifth consecutive day of losses for Websol Energy System, with a total decline of -22.62% during this period. The stock also touched an intraday low of Rs 1224.4 (-5%).

Despite the recent decline, Websol Energy System's stock is still performing well in the long term. It is currently higher than its 50 day, 100 day, and 200 day moving averages, but lower than its 5 day and 20 day moving averages.

In comparison, the renewable energy sector has seen a gain of 2.62%, indicating a positive trend in the industry. However, Websol Energy System's 1 day performance of -5.00% is lower than the Sensex's performance of 0.14%. In the past month, the company's stock has seen a growth of 7.98%, while the Sensex has declined by -5.09%.

Overall, Websol Energy System's recent decline may be a cause for concern for investors, but the company's long term performance and the positive trend in the renewable energy sector could indicate potential for growth in the future.