IREDA Share Price Soars by 4.30% on Thursday
Investors witnessed a strong buying trend in IREDA shares during Thursday’s trading session as the stock hit the upper circuit. The company has been experiencing a continuous decline in its share price over the past month. However, Thursday’s upper circuit provided some relief to investors. IREDA shares closed at Rs. 147.85 with a 4.30% increase on Thursday, March 7, 2024.
IREDA’s 52-Week High and Low
The government-owned company IREDA saw its share price reach a high of Rs. 214.80 and a low of Rs. 50 in the past 52 weeks. The IPO stock of the company was listed at Rs. 60 in November 2023 with an issue price of Rs. 32. Investors who participated in the IPO witnessed significant gains on the first day.
Support Levels for IREDA Shares
Market experts suggest that IREDA shares have strong support at Rs. 130. If the share price falls below this level, further downside may be expected. According to the CIO of Paris-based hedge fund company Hedonova, the primary support level for IREDA shares has now moved below Rs. 155, indicating potential volatility in the stock in the coming days. The next support level for IREDA shares is expected to be at Rs. 139.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
