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

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

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

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