Ireda’s inventory breaks 5%, closed 52% from document excessive – INA NEWS
IREDA Inventory Value: The shares of the Indian Renewable Power Growth Company (Ireda) fell by greater than 5 p.c on 3 March. The value closed at Rs 147.30 on BSE. Throughout the day, the inventory dropped by 8 p.c from the earlier closed value however later recovered. The inventory has misplaced 15 p.c in 3 enterprise periods. Not solely this, it’s operating down 52 p.c from its document excessive 310 rupees on BSE.
IREDA began within the inventory market on 29 November 2023. The inventory was listed at Rs 50 on BSE and shutting on Itemizing Day was at Rs 59.99. The corporate’s IPO was 38.80 instances subscribed. Ireda Futures and Choices (F&O) is a brand new entry in area.
33 p.c rolled in 2025 thus far Ireda
Ireda’s inventory has seen a decline of 33 p.c within the 12 months 2025 thus far. 8 p.c weakened in a 12 months. By the tip of December 2024, the federal government had a 75 p.c stake within the firm. The inventory has seen a document of Rs 121 on BSE thus far. The corporate’s market cap is Rs 39500 crore.
Ireda on the chart is now within the “oversold” zone. Its relative power index (RSI) is now at 27. RSI studying under 30 exhibits that the inventory is “oversold”. Lately, Ireda’s shareholders additionally accepted the corporate’s proposal to lift Rs 5,000 crore by the Certified Institutional Placement (QIP) route.
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Ireda tracks solely two analysts- ICICI direct and phillip securities. ICICI Direct is bullish on inventory and has a value goal of Rs 250 per share for inventory. There itself
Phillip Securities is a bearish and has given a value goal of Rs 150. The inventory is now buying and selling under this goal.
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Ireda’s inventory breaks 5%, closed 52% from document excessive
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