IREDA Stock Soars Over 6% as Renewable Energy Shares Gain Momentum on NSE
NEW DELHI, INDIA – Shares of the Indian Renewable Energy Development Agency Ltd (IREDA), a key government enterprise focused on financing green energy projects, experienced a significant surge on the National Stock Exchange of India (NSE) during Tuesday’s trading.
As of 2:45 PM local time (April 15th, UTC+5:30), IREDA stock (NSE: IREDA) was trading at ₹164.03 Indian Rupees (INR). This marks a substantial intraday gain of ₹9.83, translating to a sharp increase of 6.37% for the session.
This positive move pushed the stock considerably higher than its previous closing price of ₹154.20 INR, reflecting strong investor interest.
The 1-day chart reveals a steady upward trajectory for most of the session after an initial climb above the ₹160 mark shortly after the market opened. While the stock consolidated largely around the ₹162 level through midday, a distinct late-session rally propelled it towards the day’s high mark near ₹164, where it was trading at the time of reporting.
IREDA plays a crucial role in funding India’s ambitious renewable energy targets, channeling finances into solar, wind, hydro, and other clean energy initiatives. Its stock performance is often viewed as a bellwether for investor sentiment towards the rapidly growing renewable energy sector in India.
The stock maintained its strong gains heading into the final hours of trading on the NSE.
