Indian Renewable Energy Development Agency Limited (IREDA) witnessed a notable decline in its market capitalization on October 17, 2024. The stock dropped to ₹219.05, reflecting a decrease of 0.93% from its previous close of ₹221.11. This decline resulted in a significant market cap loss of ₹552.45 crore, bringing the total market cap down to ₹58,886.24 crore.
In today’s trading session, the stock traded at a volume of 26.73 lakh shares with a value of ₹59.25 crore. The stock has fluctuated within a range of ₹219.00 to ₹224.40 during the session. Despite today’s decline, IREDA remains an active player in the renewable energy financing sector.
Investors are closely monitoring the stock as it faces market volatility, with the company’s 52-week high recorded at ₹310.00 and a 52-week low at ₹50.00.
The ongoing market conditions and sector-specific challenges continue to impact IREDA’s stock performance, contributing to the recent market cap loss.
