Ireda stock hits an upper circuit after reports of block deal in PSU

Ireda Share Price: Ireda shares hit an upper circuit of 4.99 per cent on BSE on Thursday (February 15, 2204) after reports of a block deal in the company.

The interesting thing about the stock's journey on Thursday was that it hit the upper circuit the moment it started its trading session and remained in the same territory throughout the day to close at the price of Rs 176.75. 

The stock rose for the second day in succession after reports of multiple deals of 1.56 crore shares, which was equivalent to 0.6 equity in the company.

The stock has gone through a lean patch in the recent past, falling for four days in succession.

The stock regained strength on Wednesday and continued its momentum on Thursday.  

Ireda's 52-week high is Rs 215.00 and the low is Rs 49.99. Its market value as of writing this news stands at Rs 47506.24 crore.