Indian Renewable Energy Development Agency share price (IREDA) emerged over 10% on Monday’s session after the public sector undertaking company was granted ‘Navratna status’ from the department of public enterprises. IREDA share price opened at ₹186.20 apiece on the BSE, the stock touched an intraday high of ₹191.50 and an intraday low of ₹182.05.
From the standpoint of the IREDA, stock market analysts say this is a significant milestone since the government-owned business will be able to move more quickly to carry out its goals and ambitions thanks to the ‘Navratna’ classification. Government clearance will no longer be needed for several JVs in India and abroad under IREDA. According to them, this GoI agreement is a significant step forward for the business and its stock, especially in light of the robust IREDA Q4 results 2024.
(more to come)
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