Introduction to IREDA

Indian Renewable Energy Development Agency (IREDA) is a prominent financial institution that operates under the Ministry of New and Renewable Energy (MNRE). IREDA focuses on financing renewable energy projects, and its performance is indicative of the growth of the renewable energy sector in India.

Importance of Monitoring IREDA Share Price Live

Shares of Indian Renewable Energy Development Agency (IREDA) Ltd rose sharply in Thursday’s trade after the company said it would consider a fundraising proposal of up to Rs 4,500 crore. The stock surged 11.24 per cent to hit a day high of Rs 265.75. It was last seen trading 9.94 per cent higher at Rs 262.65. At this price, the multibagger counter has gained 150.98 per cent on a year-to-date (YTD) basis. Also, IREDA’s stock has seen a massive uptick from its initial public offering (IPO) price of Rs 32. It was listed on November 29 last year.

Factors Affecting IREDA Share Price

Several factors can influence the IREDA share price. Economic policies, market trends, government initiatives in renewable energy, and global oil prices are some of the major determinants. Additionally, any significant announcements from the MNRE or new project approvals can cause fluctuations in the IREDA share price.

Where to Check IREDA Share Price Live

For real-time updates, one can check financial news websites, stock market apps, or visit the official IREDA website. Most platforms offer tools to track live prices, view historical data, and analyze trends. It is advisable to use reliable sources to ensure the accuracy of the information.

Conclusion

Monitoring the IREDA share price live is a vital activity for anyone involved in the stock market, particularly those interested in the renewable energy sector. Staying informed about the latest price movements helps in making strategic investment decisions, thereby enhancing the potential for financial gains.

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