Why is Inox Green falling/rising?
As of 15-Sep, Inox Green Energy Services Ltd is priced at 173.35, with recent gains overshadowed by weak fundamentals and declining investor interest, resulting in a significant underperformance compared to the broader market. The stock has shown a decline of -21.53% over the past year, despite a modest increase in the Sensex.
As of 15-Sep, Inox Green Energy Services Ltd is currently priced at 173.35, reflecting an increase of 1.9, or 1.11%. The stock has shown a positive performance over the past week and month, with returns of +8.82% and +13.12%, respectively. However, it has underperformed its sector by -0.29% today, and there has been a notable decline in investor participation, with delivery volume dropping by -45.54% against the 5-day average. Additionally, the company has faced significant challenges, including a weak long-term fundamental strength indicated by a -400.67% CAGR growth in operating profits over the last five years and a poor EBIT to Interest ratio of -0.10. The stock's performance has been further hindered by a decrease in institutional investor participation, which has fallen by -4.13% in the previous quarter.In the broader market context, while the Sensex has shown a modest gain of +1.24% over the past week and +1.47% over the past month, Inox Green's performance has been significantly weaker, particularly over the last year, where it has declined by -21.53% compared to the market's slight drop of -1.33%. This underperformance highlights the stock's struggles relative to the benchmark, indicating that despite some recent gains, the overall sentiment towards Inox Green remains cautious due to its weak fundamentals and declining investor interest.
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