Why is Indowind Energy falling/rising?
As of 18-Sep, Indowind Energy Ltd's stock price is at 17.00, down 1.22%, and has underperformed its sector. It is trading below all major moving averages, indicating a bearish trend, with a year-to-date decline of 29.17% compared to the Sensex's increase.
As of 18-Sep, Indowind Energy Ltd's stock price is currently at 17.00, reflecting a decrease of 0.21, or 1.22%. The stock has underperformed its sector by 1.45% today and has experienced a trend reversal, falling after two consecutive days of gains. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 40.26% against the 5-day average, suggesting a decline in investor participation. The stock has shown poor performance over various periods, with a year-to-date decline of 29.17% compared to a 6.24% increase in the benchmark Sensex.In the broader market context, Indowind Energy's short-term performance has been notably weaker than the Sensex, which has gained 1.80% over the past week while Indowind Energy has lost 1.39%. This underperformance is further highlighted by its negative returns over the past month and year, contrasting sharply with the benchmark's positive returns. The lack of available positive or negative factors in the dashboard limits the understanding of specific catalysts for the stock's movement, but the overall trend suggests a challenging environment for Indowind Energy amidst a rising market.
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