Shares of Navratna company Indian Renewable Energy Development Agency Limited (IREDA) showed tremendous rise on the first day of the new year. Its shares on BSE on Wednesday surge of more than 5% Touched the level of ₹227.70 with Rs. This boom of the company December 2024 quarter business update Has come after. IREDA shares have increased in the last 13 months Rs 32 to Rs 220 Have traveled across.
Performance of IREDA shares
- current level: ₹227.70 (5% rise).
- 52-week high: ₹310.
- 52-week low: ₹100.40.
- Last 1 Year Returns: More than 115%.
December 2024 quarter: Business update
- Loan Approval:
- 129% increase,
- in December 2024 ₹31,087 crore (Last year: ₹13,558 crore).
- Loan Disbursement:
- 41% increase,
- in December 2024 ₹17,236 crore (Last year: ₹12,220 crore).
- Outstanding Loan Book:
- ₹69,000 crore (by December 2024).
The journey from IPO to becoming a multibagger
- IPO opening date: 21 November 2023.
- IPO closing date: 23 November 2023.
- IPO Price: ₹32 per share.
- Current Price: ₹227.70.
- Growth in 13 months: More than 600%.
