Indian Renewable Energy Development Agency Faces Significant Stock Decline Amid Market Challenges

Feb 18 2025 11:57 AM IST
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Indian Renewable Energy Development Agency's shares have declined significantly, underperforming its sector and experiencing a downward trend for three consecutive days. The stock is trading below its moving averages and has seen a notable drop over the past month, contrasting with the broader market's performance.
Indian Renewable Energy Development Agency has experienced a notable decline today, with shares falling by 3.14% as of February 18, 2025. This performance marks a significant underperformance compared to its sector, trailing by 2.03%. The stock has been on a downward trend, recording losses for three consecutive days, resulting in a total decline of 9.02% over this period.

During today's trading session, the stock reached an intraday low of Rs 160, reflecting a decrease of 3.32%. Additionally, Indian Renewable Energy Development Agency is currently trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.

In terms of broader market performance, the stock's one-day decline of 2.87% contrasts sharply with the Sensex, which saw a modest decrease of 0.36%. Over the past month, the company's stock has dropped by 22.40%, while the Sensex has only declined by 1.17%. These metrics highlight the challenges faced by Indian Renewable Energy Development Agency in the current market environment.
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