IREDA Share Price: Good news has come about Indian Renewable Energy Development Agency Limited (IREDA). According to the information shared by the company, their performance during the first half of the current financial year has been excellent. The company has said that the provisional figures till September 30 have been good. IREDA has achieved a growth of 303 percent in terms of loan approval. Let us tell you, on Tuesday, the company’s shares closed at the level of Rs 230.75 with a decline of 1.87 percent in BSE.
Great performance compared to last financial year
The company has said that during the same period in the last financial year, a total loan of Rs 4437 crore was approved. But this time a loan of Rs 17,860 has been approved so far. In the information given by IREDA, it has been said that in the last financial year till 30 September 2023, loan payment of Rs 6273 crore was made. Which this time has increased by 56 percent to Rs 9787 crore.
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Expressing happiness over the provisional figures for the first half, the company’s CMD Pradeep Kumar Das said, “This excellent growth reflects our contribution towards renewable energy in India. “The strong results of IREDA show that the demand for clean energy has increased.”
The company has given good returns in the stock market this year
IREDA’s share prices have seen a rise of more than 120 percent so far this year. Due to which the money of positional investors has more than doubled. At the same time, investors who have been holding the stock for 6 months have got a profit of more than 60 percent so far. The past one month has been quite challenging for IREDA investors. During this period, the company’s shares have seen a decline of more than 3 percent. Let us tell you, 52 week high of IREDA is Rs 310.
(This is not investment advice. The stock market is subject to risks. Consult experts before making any investment.)
