Why is Inox India falling/rising?
As of 07-Aug, Inox India Ltd's stock price is 1,130.90, down 1.07% and underperforming its sector. The stock has seen significant trading volume increases but has declined 3.01% over the past week and 8.97% over the past month, indicating a trend of underperformance relative to the broader market.
As of 07-Aug, Inox India Ltd's stock price is currently at 1,130.90, reflecting a decrease of 12.25 points or 1.07%. The stock has underperformed its sector by 0.25% today, with trading volume showing a significant increase of 297.23% compared to the 5-day average delivery volume. Despite being higher than the 100-day and 200-day moving averages, the stock is lower than the 5-day, 20-day, and 50-day moving averages. Over the past week, the stock has declined by 3.01%, and it has seen a year-to-date increase of 2.22%, contrasting with a 1-year decline of 8.06%. There is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader Market Context: In comparison to the benchmark Sensex, which has decreased by 0.69% over the past week, Inox India's performance has been notably worse. The stock's 1-month return of -8.97% also exceeds the Sensex's decline of 3.38%, indicating a trend of underperformance relative to the broader market. This suggests that while the overall market has faced some downward pressure, Inox India has experienced a more pronounced decline, contributing to the stock's current price movement.
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