PSU Stock IREDA: IREDA's explosion amid market decline, know what experts are saying on buying…

PSU Stock IREDA: The market continued to fall on Monday, but during this period there was a great rise in the shares of PSU stock Indian Renewable Energy Development Agency Limited (IREDA). Currently trading at 203.80 with a rise of +2.65 (1.32%). In the morning, PSU stocks registered a rise of more than 4.5 percent.

IREDA share price target

Market expert Rachit said that IREDA's stock has improved to a great extent. He advised investors to 'buy on dips' and said that if the stock reaches the level of Rs 208 or Rs 210, then positions should be created here.

Apart from this, experts have advised to keep the stop loss at Rs 190. According to Rachit, the share may soon reach Rs 236 or Rs 252.

IREDA Share Price (PSU Stock IREDA)

As of 10:14 am on Monday, IREDA shares were trading at Rs 210.61, up 4.70% or Rs 9.46 on the NSE. At the same time, the share was trading at Rs 210.50 on BSE with a rise of 4.62% or Rs 9.30. At present the shares of the company are trading at Rs 206.

IREDA's share opened today i.e. on January 13 at 200.47, while its intraday high was Rs 212.35 and low was Rs 196.55. At present, the market cap of IREDA is Rs 55,420 crore (55.42KCr). P/E ratio is 36.15. The 52-week high level of this stock has been Rs 310.00 and the lowest level has been Rs 103.00.

stock performance (PSU Stock IREDA)

According to BSE Analytics, the company's shares have fallen by more than 2 percent in the last one week, while in the last two weeks it has fallen by about 4 percent.

The stock has fallen by more than 3 percent in one month, by more than 7 percent in three months and by more than 26 percent in six months. However, the stock has increased by more than 88 percent in the last one year.