IREDA Faces Challenges with Recent Stock Decline Amid Broader Market Trends

Jan 22 2025 12:05 PM IST
share
Share Via
The Indian Renewable Energy Development Agency (IREDA) has faced significant challenges, experiencing a decline of 3.21% today and underperforming against its sector average. The stock has dropped 4.5% over two days and is trading below its moving averages, highlighting ongoing difficulties in the market.
The Indian Renewable Energy Development Agency (IREDA) has experienced notable activity today, with a decline of 3.21% on January 22, 2025. This drop places IREDA 2.33% below its sector average, indicating underperformance relative to its peers. Over the past two days, the stock has seen a cumulative decline of 4.5%.

During today's trading session, IREDA reached an intraday low of Rs 198.35, reflecting a decrease of 3.43%. The stock is currently trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a challenging trend.

In the context of broader market performance, IREDA's one-day decline of -3.33% stands in contrast to the Sensex, which recorded a slight gain of 0.18%. Over the past month, IREDA has declined by 3.73%, while the Sensex has seen a smaller decrease of 2.65%. This performance underscores the difficulties IREDA is facing in the current market environment.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News