IREDA Share Price Soars by 3% to 164.70 Rupees
Government-owned IREDA’s shares were trading at 164.70 rupees, up by 3% in yesterday’s trading session. The company is currently witnessing a significant drop in its share prices.
IREDA Opens New Office in Gift City, Gandhinagar
According to IREDA, the company has opened a new office in Gift City, Gandhinagar, Gujarat. The office will provide loan options in foreign currency, making it easier to finance hedging, green hydrogen, and renewable energy production projects.
SEBI Increases IREDA’s Circuit Filter to 20%
Recently, SEBI announced that IREDA’s circuit filter has been increased from 5% to 20%. The company’s total market capitalization is 45,000 crore rupees, indicating that IREDA’s share can rise or fall by a maximum of 20% in a single trading session.
IREDA’s IPO Opens in November 2023
The government-owned company’s IPO was launched in the stock exchange in November 2023, with an initial share price of 32 rupees per share. By the first week of December, IREDA’s share was listed on the stock market at 57 rupees per share.
IREDA Share Price Reaches 214 Rupees
IREDA’s listed share price has increased from 57 rupees to 214 rupees. Experts suggest that the share is showing strong support at 160 rupees and advise investors to be patient and set a stop-loss at 150 rupees while buying shares of this company. If the share crosses the 180 rupees mark, it could touch the 200 rupees mark in no time.
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