Nowadays, IREDA is in trend because of its share price. If you are an investor then you need to enter in this trend. Because if you understand it well. then it can be a game changer for you, in your investing.
The reason behind this is that the company is making some decisions, and that’s why its share price is booming. So, why wait let’s jump to understand IREDA share price with a close eye.
What Is IREDA (Indian Renewable Energy Development Agency)?
IREDA (Indian Renewable Energy Development Agency) was established in 1987 and is under the administrative control of the Ministry of New and Renewable Energy (MNRE). Its purpose is to provide financial assistance and other services to renewable energy and energy efficiency projects. It’s a public sector enterprise, and its motto is “ENERGY FOR EVER”.
IREDA Share Price Today.
If we talk about today’s market, it increased by 1%, a +2.40 Rs increase. It opened at 260.95 then went to 265.80 high and down to 257.30. For more confirmation see the chart above.
How Will IREDA Share Market Perform On Monday 26th April 2024?
As tomorrow is Monday and the market will open it can’t be predicted as a whole but if we look at the chart for the last 5 days then a 5% increase has been seen. That’s why it can be said that it perhaps, will work well in the upcoming days.
Note-But don’t rely on this prediction apply your fundamentals.
IREDA Share Price Jump 11% on Rs 4500 crore fundraising Plan.
India has the vision to gain 500 gigawatts of renewable energy by 2030 and to reach this goal India will have to add 50 gigawatts per year. For all this, the Company will have to raise funds. That’s why IREDA has scheduled a board meeting on 29th August Friday to discuss fundraising Rs 4500 crore through a follow-up public offer (FPO) or other financial methods.
That’s why Indian Renewable Energy Developing Agency (IREDA) increased by over 11% in the past week and the stock rose 3.3% to Rs 265.7 during Friday’s intraday trade on the BSE. Last it was seen 9.94% higher at Rs 262.65.
Because of this price, the Multibagger counter has gained 150.98, per on year-to-date (YTD). Besides this, IREDA’s stock price has always been on the top. Its initial public offering (IPO) was Rs 32 and now it’s Rs 300 around. It was listed on November 29 last year.
IREDA Share Price
Indian Renewable Energy Development Agency (IREDA)’s share price took a massive uptick from its Initial Public Offering On November 29 Last year. Its IPO of Rs 32 has now touched almost Rs 300 within just 1 year.
Should You Invest?
If we talk about investing in this company then its fundamentals are very strong and based on a sustainable idea that is going to take over the world shortly.
That’s why investing in this company will profit in the future and investors are looking very keen to invest in this company.
Disclaimer- Please don’t rely on the above research through our team, do your research before investing in this company.
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