IREDA share price continues to decline, falling 0.8% in early trade

IREDA share price:  shares of Indian Renewable Energy Development Authority (IREDA) fell as much as 0.8 per cent in early tre on Monday despite a positive move in market after a five-day rout last week. 

As of 09:37 am, shares of company were tring at Rs 220.80 apiece, down by nearly 0.4 per cent or 0.9 points. In last five days, value of shares has fallen by over five per cent, however, stock has given 110 per cent returns to its investors since January. In last 12 months, stock has surged nearly 270 per cent, becoming a multi-bagger in renewable finance sector. push for renewable energy and government investments in solar power has boosted stocks to new heights. 

IREDA informed exchanges that board of company is set to meet on October 10 to consider and approve financial results of company for second quarter of current fiscal (Q2FY25) and half year ended September 30, 2024.