IREDA shares: IREDA’s stock soared by nearly 13%, reaching an intraday peak of Rs 192.20, following the company’s elevation to Navratna status. In an exchange filing, IREDA announced, “Under Regulation 30 of SEBI (Listing Operations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Department of Public Enterprises (DPE), through its letter dated April 26, 2024, has conferred ‘Navratna status’ upon Indian Renewable Energy Development Agency Limited (IREDA).”
Previously, IREDA belonged to the Miniratna category, alongside companies such as BEML, IRFC, BSNL, Hindustan Copper, and IRCTC, among others. -IREDA shares
Over the past five days, IREDA has experienced a modest increase of 0.56%, while its growth over the last month has been substantial, standing at 20%, with calculations based on the closing date of April 26th. In contrast, railway stocks have demonstrated remarkable performance, delivering a remarkable return of 184.4% over the last six months and an impressive 63.1% from the from the start of the year till now.
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In comparison, the benchmark index Nifty 50 has seen a slight increase of 0.2% over the last five days. However, over the past month, the index experienced a slight decline of 0.2%. Despite this, the benchmark index has significantly augmented investors’ wealth, registering a notable growth of 17.13% over the past six months and a commendable increase of 13.1% from the from the start of the year till now.
