Why is Inox Wind falling/rising?
As of 13-Aug, Inox Wind Ltd's stock price is Rs 137.95, down 1.99% and has fallen 2.65% over the last two days. Despite strong long-term growth metrics, the stock is underperforming due to operational inefficiencies and high debt levels, resulting in a significant decline of 36.08% over the past year.
As of 13-Aug, Inox Wind Ltd's stock price is currently at Rs 137.95, reflecting a decrease of Rs 2.8 or 1.99%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 2.65% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has underperformed significantly with a return of -6.22%, while the Sensex has remained nearly flat with a change of -0.01%. Despite a healthy long-term growth indicated by a 36.16% annual increase in net sales and a remarkable 479.6% growth in net profit, the stock's performance has been hindered by poor management efficiency and a high Debt to EBITDA ratio of 4.45 times, which raises concerns about its profitability and ability to service debt.In the broader market context, Inox Wind's performance over the past year has been notably poor, with a return of -36.08%, significantly underperforming the market benchmark, which recorded a decline of only -0.64%. The renewable energy sector, in which Inox Wind operates, has also faced challenges, evidenced by a sector decline of 3.49%. While there has been a notable increase in investor participation, as indicated by a 343.54% rise in delivery volume, the stock's liquidity remains adequate for trading. The combination of high institutional holdings and positive long-term growth metrics contrasts sharply with the stock's recent performance, suggesting that while the fundamentals may be strong, immediate market sentiment and operational inefficiencies are driving the stock's decline.
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