IREDA shares rose 12% following solid Q4 earnings; here

IREDA shares rose 12% following solid Q4 earnings; here are the main points

IREDA shares: During Monday’s trading session, shares of Indian Renewable Energy Development Agency Ltd (IREDA) experienced a notable surge of approximately 12 percent. This uptick followed strong performance reports from state-run financial firms for the quarter and fiscal year ending on March 31, 2024, which were released on Friday. In an exchange filing, IREDA announced…

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IREDA, Cello, and Mamaearth may be added to the MSCI index, but Nykaa and Mankind must rally further.

IREDA, Cello, and Mamaearth may be added to the MSCI index, but Nykaa and Mankind must rally further.

IREDA: Inclusion or increase in stock weightage in global indices such as MSCI and FTSE results in inflows from index-tracking passive funds. Exclusion from these indices typically results in outflows. As a result, the announcements are widely followed. According to Nuvama Alternative & Quantitative Research, recently listed IREDA, Cello World, Honasa Consumer Products, and Signature…

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