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Tag: IREDA shares

IREDA share price ends 3-day loss streak, surges nearly 7%; up 760% from IPO price

IREDA share price: The share price of IREDA, the top nonbank financial company in India for green finance, increased by about 7% during intraday trading today, hitting ₹275 per share and ending a three-day losing run. The stock has recovered somewhat, but it is still 13.22% below its peak of ₹310. The sell-off pressure on…

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IREDA share price sees a 5% decline due to Philip Capital’s ‘sell’ rating. A chance to go bottom fishing?

Tuesday’s early morning trading session saw a significant selling of Indian Renewable Energy Development Agency (IREDA) Limited shares. Following the domestic brokerage Philip Capital’s prediction of a significant decline and its “sell” rating of IREDA shares, the PSU stock was subject to selling pressure. The NSE opened the IREDA share price today with a downside…

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IREDA shares reach record high following Q1 2024 results. More steam left?

IREDA shares: The Indian Renewable Energy Development Agency (IREDA) Limited saw heavy buying during the early morning session on Monday, following better-than-expected Q1 results 2024 last week. Within a few minutes of the Opening Bell, the price of an IREDA share on the NSE opened at ₹300 per share and reached an intraday high of…

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IREDA shares reach all-time high before today’s Q1 results release. As PSU’s stock rises 25% in three days, should you buy?

IREDA shares: For the past three sessions, the stock price of Indian Renewable Energy Development Agency (IREDA) Limited has been significantly rising. The price of an IREDA share on the NSE has risen by a significant 25% in just three days, from ₹240.53 to ₹303.70 a share. This rising trend implies that IREDA’s stock still…

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IREDA’s shares rise 6%, surpass Rs 200 in the first transaction; Verify specifics

Indian Renewable Energy Development Agency (IREDA) shares increased 6% in early trading today following the company’s announcement that loan sanctions increased by 382.62% year over year (YoY) to Rs 9,136 crore in the June 2024 quarter compared to Rs 1,893 crore in the June 2023 quarter. Loan disbursements increased to Rs 5,320 crore in the…

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IREDA’s share price jumps 4% following ₹1,500 cr raised through bond issuance

IREDA share price: On June 24, after the Indian Renewable Energy Development Agency (IREDA) announced that it will be issuing bonds to raise ₹1,500 crore, the company’s shares increased by more than 4%. The state-run company issued ₹1,000 crore in green shoe bonds in addition to a ₹500 crore base offering. As to IREDA’s exchange…

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IREDA shares: On Friday, two things drove the multibagger stock higher

IREDA shares: After CARE Ratings Limited improved the firm’s ratings on bonds/NCDs of the company from CARE AA+; positive (Double A Plus; outlook: positive) to CARE AAA; stable (Triple A; outlook: stable), shares of Indian Renewable Energy Development Agency (IREDA) ended the day 6% higher. The inclusion of the multibagger stock in the FTSE All…

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IREDA shares: Following the election results, price activity moves sideways, Can you purchase on dips?

Today’s closing price of IREDA shares on the BSE was Rs 173.30, a 1.15% decrease. The company’s market value was Rs 47,250 crore. Following the results of the Lok Sabha Election, shares of the Indian Renewable Energy Development Agency (IREDA) have been trading in a range. The day of the election results announcement, June 4,…

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IREDA shares rise by more than 11% following the company’s record-breaking net profit in FY24

IREDA shares: The share price of IREDA, the biggest pure-play green finance NBFC in the country, increased by 11.40% to ₹179 during the early morning trading session today. Investor excitement following the company’s strong financial results in Q4FY24 and for the entire fiscal year of FY24 drove this surge. IREDA shares rise by more than 11%…

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IREDA shares soared 253% in 4 months; is further growth limited?

IREDA shares: Since hitting a yearly low of Rs 49.99 on November 29 of last year, shares of Indian Renewable Energy Development Agency Ltd. (IREDA) have increased by 253%. The BSE and NSE changed the circuit filter limit for the state-run green energy player to 20% from 5% previously, and as a result, the renewable…

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