Shares of Navratna company Indian Renewable Energy Development Agency Limited (IREDA) have given multibagger returns in less than a year. IREDA shares have increased from Rs 32 to Rs 240 in less than a year. The company’s shares have given investors a return of more than 655 percent during this period. In fact, IREDA’s IPO came at a price of Rs 32. The company’s shares closed at Rs 241.95 on the Bombay Stock Exchange on August 30, 2024.
The company’s shares have climbed more than 655%
IREDA’s IPO was open for betting on 21 November 2023 and it remained open till 23 November. The price of IREDA’s share in the IPO was Rs 32. The company’s shares were listed in the market on 29 November 2023 at Rs 50. On the day of listing, the company’s shares rose sharply to Rs 59.99 in BSE. IREDA’s shares have been witnessing a stormy rise since the listing. The company’s shares closed at Rs 241.95 on 30 August 2024. IREDA’s shares have climbed more than 655 percent against the issue price of Rs 32.
1 lakh rupees turned into 47 lakh rupees, this railway share rose by more than 4600%
The company’s shares have jumped 131% so far this year
IREDA shares have climbed 131 percent so far this year. The shares of the Navratna company were at Rs 104.65 on January 1, 2024 at the beginning of this year. The company’s shares closed at Rs 241.95 on August 30, 2024. At the same time, IREDA shares have seen a rise of more than 53 percent in the last 6 months. IREDA shares have climbed 33 percent in the last 3 months. The 52-week high level of the company’s shares is Rs 310. At the same time, the 52-week low level of the company’s shares is Rs 49.99. IREDA’s market cap has reached Rs 65030 crore.
The company giving ₹150 dividend is giving 10 shares free on every share, record date is near
