Inox Wind Faces Ongoing Challenges Amid Broader Renewable Energy Sector Decline

Jan 28 2025 09:45 AM IST
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Inox Wind has faced notable stock volatility, experiencing six consecutive days of losses and a cumulative decline of 21.59%. The stock is trading below multiple moving averages, reflecting a bearish trend. Over the past month, it has dropped 27.48%, significantly underperforming the broader market and renewable energy sector.
Inox Wind, a midcap player in the renewable energy sector, has experienced significant volatility in its stock performance. On January 28, 2025, the stock declined by 5.27%, underperforming its sector by 2.74%. This marks the sixth consecutive day of losses for Inox Wind, with a cumulative drop of 21.59% over this period.

The stock reached an intraday low of Rs 131.8, reflecting a decrease of 4.91% at its lowest point. Inox Wind is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its short to long-term performance metrics.

Over the past month, Inox Wind has seen a decline of 27.48%, contrasting sharply with the Sensex, which has only fallen by 3.81%. The broader renewable energy sector has also faced challenges, with a decrease of 3% noted on the same day. These trends highlight the ongoing difficulties faced by Inox Wind within the current market landscape.
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