IREDA Share Price 21 March 2024
Indian Renewable Energy Development Agency is doing well in the business, with the company’s shares trading at Rs 133 with a 3.30% increase in Monday’s trading session. The stock is showing strong profits currently.
The 52-week high for IREDA shares was Rs 214.80. On Wednesday, 20th March 2024, the stock was trading at Rs 125.90, a 2.67% decrease. However, on Thursday, 21st March 2024, the share price increased by 4.97% to Rs 132.
Market experts suggest placing stop loss at Rs 119 when buying IREDA shares. According to analysts, if the company’s shares cross Rs 143, it could touch Rs 200.
IREDA’s IPO issue price was Rs 32, and the stock was listed at Rs 50. The stock has been performing well since its listing, with a recent high of Rs 215.
The Chairman and Managing Director of Indian Renewable Energy Development Limited stated that the company is planning to establish a subsidiary to complete rooftop solar, PM-KUSUM, electric, and retail projects in the B2C segment. After receiving approval from the Indian government, IREDA will set up a 100% subsidiary to expand its business in the retail sector.
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