Why is Inox Green falling/rising?
As of 24-Sep, Inox Green Energy Services Ltd's stock price has declined to Rs 195.50, down 3.34%, following seven days of gains. Despite a strong monthly performance, the company faces significant challenges with poor long-term fundamentals and declining institutional interest, contributing to the current downturn.
As of 24-Sep, Inox Green Energy Services Ltd is experiencing a decline in its stock price, currently at Rs 195.50, which reflects a decrease of Rs 6.75 or 3.34%. The stock has underperformed its sector by 1.1% today and has fallen after seven consecutive days of gains. It touched an intraday low of Rs 195.3, indicating a downward trend. Despite a strong performance over the past month with a 29.17% increase, the company faces significant challenges, including weak long-term fundamental strength, as evidenced by a -400.67% CAGR growth in operating profits over the last five years and a poor EBIT to Interest ratio of -0.10. Additionally, the stock's profitability is low, with a return on equity averaging only 1.03%, which may deter investors.Broader market context shows that while Inox Green has outperformed the Sensex in the short term, gaining 10.92% over the past week compared to the Sensex's -1.18%, the overall sentiment in the renewable energy sector is negative, with a decline of 2.16%. Institutional investor participation has also decreased, with a 4.13% reduction in their stake, indicating a lack of confidence in the company's fundamentals. This combination of weak financial metrics, declining institutional interest, and a broader sector downturn contributes to the stock's current price decline.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
