Indian Renewable Energy Development Agency shares fell -1.38%, while Nifty shares rose 0.13%

At 11:15 on September 16, IREDA shares are trading at a price ₹228.4, -1.38% down from previous closing price. Sensex is trading at ₹82987.74, up 0.12%. The stock peaked at ₹233.6 and the lowest level ₹227.5 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:

Till 11 am, trading volume on NSE and BSE for Indian Renewable Energy Development Agency was down 26.21% 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.

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From the perspective of fundamental analysis, the company has an ROE of 17.28% The current P/E ratio of the stock is 43.57 .

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.

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 -1.38% today and will be trading at ₹228.4, while its competitors are mixed. Its competitors like JSW Infrastructure, GO DIGIT GENERAL INSURANCE are down today but its null competitors Tata Technologies are up. Overall, benchmark indices Nifty and Sensex are up 0.13% and 0.12% respectively.