IREDA share price surges over 2% in an otherwise flat market

IREDA stock opened at 158.70, up from 157.25 at yesterday’s close. It continued to climb during the day, hitting an intraday high of 163.70 before settling at a volume-weighted average price of 161.20.

By Matrika Shukla Published on March 2, 2024, 13:23 IST

Image Credits - Mint

IREDA share price today continued its upward momentum in an otherwise quiet and flat market due to less volumes amid an unusual trading session on Saturday, organised by the NSE to check its disaster recovery site.

This upward momentum indicates positive sentiment around IREDA’s role as a leading financier of renewable energy projects in India. With the country increasingly focused on expanding clean energy to combat climate change, IREDA stands to benefit.

The company’s stock performance affirms its sound financials and strategic alignment with India’s sustainability goals. As renewable energy gains momentum, IREDA is poised for further growth by enabling critical clean energy infrastructure development.

IREDA NSE

Matrika Shukla

Matrika Shukla, Beat Editor at Business Upturn, is a Multimedia student. She is passionate about investigating and reporting on complex subjects. She has an extensive background in digital media with special focus on Politics.