IREDA Share Price | IREDA stock in focus, will give returns at rocket speed, note the next target price – NSE: IREDA
IREDA Share Price | Indian Renewable Energy Development Agency Ltd shares rose 3.13 per cent to Rs 211.80 on Wednesday. (NSE: IREDA) But was doing business. IREDA's IPO was launched in November last year at a price of Rs 32. IREDA's share was listed at Rs 60 with a premium of about 90 per cent. (IREDA Company Excerpt)
IREDA shares hit 52-week high of Rs 310. IREDA stock touched this high on July 15, 2024. IREDA stock has given 900% returns to investors in just 8 months. On Thursday (31 October 2024), the stock was trading at Rs 209, down 0.74%.
ICICI Direct Brokerage Firm – BUY Rating
Indian Renewable Energy Development Agency Limited, the direct brokerage firm of ICICI, has given BUY rating to the company share. The brokerage firm has advised to buy IREDA shares. ICICI Direct brokerage firm has given a target price of Rs 280 for IREDA shares.
multibagger return
IREDA stock has returned 18.82% in the last 6 months. The stock has given 253% returns in the last 1 year. The stock has also returned 102.39% on a YTD basis.
Profit increased in the second quarter
IREDA's net profit rose 36 percent to Rs 387.75 crore in the second quarter. Profits have increased due to increase in IREDA's income. In the same quarter of the last financial year, IREDA had earned a net profit of Rs 284.73 crore.
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