IREDA Current Share Price

As of today, December 12, 2023, at 3:58 PM IST, the IREDA share price is experiencing some volatility:

Current price: ₹102.00

Change: +20% (down from yesterday’s closing price)

High/Low: ₹102.00 / ₹81.50

Volume: 22,120 shares traded

Here’s a quick breakdown of IREDA’s recent performance:

IPO listing: IREDA listed on November 29, 2023, at ₹50 per share, a 56.25% premium over the issue price.
Strong initial surge: The stock rose significantly in its first eight trading sessions, reaching a high of ₹85 on December 11th, a 166% increase from the IPO price.
Slight correction: Today’s dip marks a slight correction after the impressive initial run.

Several factors are influencing IREDA’s performance:

Positive sentiment towards renewable energy: The Indian government’s focus on renewable energy development is driving investor interest in IREDA, a key financier in the sector.
Strong financial performance: IREDA recently reported strong financial results, further boosting investor confidence.
Market volatility: The broader Indian stock market is experiencing some volatility, which could be impacting IREDA’s price.

Important note: The stock market is dynamic, and IREDA’s price can fluctuate significantly in the short term. It’s crucial to do your own research and consult with a financial advisor before making any investment decisions.