Recent Price Movement and Market Context
On 08 December, Inox Wind’s share price closed at ₹124.45, down ₹5.75 or 4.42% from the previous session. The stock touched an intraday low of ₹123.4, marking a fresh 52-week low. This decline aligns with the broader renewable energy sector’s fall of 4.26% on the same day, indicating sector-wide pressures. However, Inox Wind’s decline was more pronounced, with the stock falling 5.22% intraday and trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical weakness suggests sustained selling pressure.
Volume data reveals increased investor participation, with delivery volumes rising by 8.53% against the five-day average on 05 December, signalling that more shares are c...
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