IREDA Stock Price NSE India

In Monday's trading session, the company's shares were trading at ₹133 with an increase of 3.30 percent. Today, strong profit booking has started in IREDA Stock Price. As of March 20, 2024, the stock closed at ₹129.35 per share, with a day's trading range between ₹126.70 and ₹133.401.

Reasons behind fall of IREDA Stock Prices

IREDA stock price experienced a 1.6% decline during Wednesday's trading session following the National Stock Exchange's (NSE) decision to revoke its inclusion in various indices, including Nifty 500, Nifty Midcap 150, Nifty Midcap 100, Nifty 200, Nifty LargeMidcap 250, Nifty MidSmallcap 400, and Nifty Total Market. The stock opened at ₹127.35 per share on the Bombay Stock Exchange (BSE) today, touching an intraday low of ₹127.25 and a high of ₹129.90 per share.

Indian Renewable Energy Development Agency Company excerpt

Experts advise setting a stop loss at ₹119 for buying IREDA stock. If the stock price exceeds ₹143, it could potentially reach ₹200. Following its listing, the stock soared, reaching ₹215 within weeks from its IPO price of ₹32 and listing at ₹50. Nuktach Indian Renewable Energy Development Limited's President plans to establish a subsidiary for rooftop solar, PM-KUSUM, electric, and retail projects. Upon government approval, IREDA will create a 100% subsidiary to expand into the retail sector.

About IREDA Ltd

IREDA, a Mini Ratna (Category – I) Government of India Enterprise under the Ministry of New and Renewable Energy (MNRE), is a Public Limited Government Company established in 1987. Functioning as a Non-Banking Financial Institution, it promotes, develops, and provides financial assistance for projects related to new and renewable energy sources, along with energy efficiency and conservation, guided by the motto "ENERGY FOR EVER".

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