IREDA shares rise 370% from 52-week low, fresh price targets for the multibagger stock
Shares of Indian Renewable Energy Development Agency Ltd (IREDA) have gained 370% from their 52-week low, delivering multibagger returns during the period. IREDA stock, which hit a 52 week low of Rs 49.99 on November 29, 2023 was trading at Rs 234 in early deals on Friday. In a shorter duration such as in 2024,the IREDA stock managed to clock growth of 124.18% on BSE.
On the other hand, IREDA stock is trading 25% lower to its record high of Rs 310 reached on July 15, 2024.
In the current session, the stock was trading on a flat note at Rs 234.15 against the previous close of Rs 233.75. Market cap of the renewable energy stock rose to Rs 62,947 crore. IREDA shares saw a turnover of Rs 45.24 crore as 19.15 lakh shares changed hands…
