Why is Inox Wind falling/rising?
As of 13-Jun, Inox Wind Ltd's stock price is Rs 172.60, down 2.21% after three consecutive days of decline. Despite a recent short-term drop, the stock has shown a 1.71% increase over the past month and a 17.98% return over the last year, although it has underperformed the benchmark index year-to-date.
As of 13-Jun, Inox Wind Ltd's stock price is currently at Rs 172.60, reflecting a decrease of Rs 3.9 or 2.21%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 7.8% during this period. It opened today with a loss of 2.15% and reached an intraday low of Rs 171.55. Despite this short-term decline, the stock has shown positive performance over the past month with a 1.71% increase, although it has underperformed the sector by 0.54%. The company has demonstrated strong long-term growth, with net sales and operating profit increasing significantly, and it has consistently reported positive results over the last nine quarters.Broader market context indicates that Inox Wind's recent performance contrasts with the benchmark, as the Sensex has only declined by 1.30% over the past week. While the stock has generated a commendable 17.98% return over the last year, it has underperformed the benchmark index year-to-date, which has risen by 3.81%. The high institutional holdings at 25.12% suggest that informed investors are backing the company, which may provide some stability. However, the recent price decline and underperformance in the short term could be causing concern among investors, impacting the stock's current movement.
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