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Indian Renewable Energy Development Agency shares fell -1.49%, while Nifty shares rose 0.34%

Posted on by darion

At 11:08 on September 12, IREDA shares are trading at a price ₹225.55, -1.49% down from previous closing price. Sensex is trading at ₹81792.08, up 0.33%. The stock peaked at ₹231.5 and the lowest level ₹224.8 during the day.

On the technical front, the stock is trading above 100,300 days SMA and below 5, 10, 20, 50 days SMA. The stock will find support at 100,300 days SMA and will face resistance at 5, 10, 20, 50 days SMA

Below are the SMA values ​​for the stock:

Classic pivot level analysis shows that on a daily basis, stocks have key resistances at the level ₹236.44 ₹244.22 and ₹248.44, while key support levels are at ₹224.44 ₹220,22 and ₹212.44.

Till 11 am, trading volume on NSE and BSE for Indian Renewable Energy Development Agency was down 8.93% from the previous trading session. Trading volume is an important indicator, along with price, for studying trends. A positive price movement on higher volume suggests a sustained rally, while a negative price movement on higher volume could be a sign of further price decline.

Overall, according to Mint’s technical analysis, ND.

From the perspective of fundamental analysis, the company has an ROE of 17.28% The current P/E ratio of the stock is 43.06 .

The median forecast growth of the stock over 1 year is 20.2% at the target price ₹180.0.

As per documents filed in the June quarter, the company has 75.00% stake in promoter funds, 0.18% stake in MF funds and 2.70% stake in FII funds.

The share of investment funds decreased from 0.40% in March to 0.18% in the June quarter.

FII’s share increased from 1.36% in March to 2.70% in the June quarter.

The share price of Indian Renewable Energy Development Agency fell by -1.49% today and will be trading at ₹225.55, while its competitors are mixed. Its competitors like Mankind Pharma, JSW Infrastructure are down today but its null competitor Tata Technologies is up. Overall, benchmark indices Nifty and Sensex are up 0.34% and 0.33% respectively.