IREDA Shareholders Big News: Investors Thrilled with Update!
Renewable Energy Update
As soon as the latest updates related to renewable energy were released, signs of a resurgence in IRDEA shares were observed. The IPO of IREDA was launched at ₹32, and currently, the share price stands at ₹179.80. Let’s delve into the future plans for this in the article.
Renewable Energy Boom
Given the Indian Government’s increasing inclination towards renewable energy, the sector has maintained its momentum. Recently, observing the sectors of Renewal Energy and Suzlon Energy, the government introduced the government company IREDA to the market, along with announcing the Prime Minister’s Suryoday Yojana.
Under this scheme, nearly one crore solar panels will be installed. This plan is directly linked to renewable energy and is another reason for the sector’s growth.
IRDEA Share Long Jump
From an investment perspective, the renewable energy sector has become a favorite among investors in the stock market. Indian Renewables Department Energy Agency, i.e., IREDA, has provided its shareholders with a return of up to 400% since its IPO.
IREDA Share Price History
For the past three trading days, IREDA shareholders have been facing losses. After reaching a 52-week high, profit booking started in IREDA shares, causing the price to continuously decline for three days. On Friday, it closed at 179.60, while it had opened in the morning at a high of 9.45.
IREDA Future Performance
IREDA shareholders have high hopes from the stock. There are very few shares that turn out to be multibaggers, and IREDA has the potential to be one of them, as expected by market experts.
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