Mon, Jul 15, 2024
IREDA (Indian Renewable Energy Development Agency Ltd), a public sector renewable energy provider, reported its first-quarter results last week. Following the June quarter results, the stock gained 9 per cent today, reaching an all-time high of Rs 310. Today it finished at Rs 291 (IREDA Stock Price), up 2.48 per cent. However, the most relevant thing right now is that the stock is expected to register profits following the June quarter reports.
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Mon, Apr 29, 2024
"Department of Public Enterprises (DPE) vide its letter dated April 26, 2024 has granted the ‘Navratna status’ to Indian Renewable Energy Development Agency Limited (IREDA)," the company said in a letter to bourses on Monday.
Tue, Jan 23, 2024
Following Prime Minister Modi's unveiling of the "Pradhanmantri Suryoday Yojana" aiming for rooftop solar on 1 crore houses, stocks of solar panel manufacturers and power companies like Tata Power, Borosil Renewables, IREDA, Waaree, and Sterling & Wilson experienced significant gains on Tuesday, January 23rd. Borosil Renewables led the surge with a 14% increase, while Tata Power rose 3%, and IREDA, Waaree, and Sterling & Wilson hit their 5% upper limits. Borosil even reached a new 52-week high, highlighting the market's enthusiasm for the solar initiative.
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