New Delhi: Shares of Indian Renewable Power Growth Company (IREDA) rallied over 6 per cent at the moment (July 12). It hit a brand new report excessive of Rs 303.70 forward of its first quarter earnings. Within the earlier session, the inventory had rallied over 17 per cent to hit a brand new report excessive of Rs 289.33 on the NSE. On July 11, it closed at 278.95, up 12 per cent. The share worth of IREDA has been rising steadily for the final three periods. In these three days, the share worth of IREDA on NSE has risen from Rs 240.53 to Rs 303.70, a acquire of 25 per cent.

Regardless of opening on the Rs 282.90 per share mark, the PSU inventory shortly gained momentum and hit an intraday excessive of Rs 303.70 per share, a acquire of practically 6 per cent. Throughout this climb, the share worth of IREDA additionally reached a lifetime excessive stage.

Allow us to inform you that IREDA shares made their debut within the inventory market in November final yr at a worth of Rs 32 per share, which has registered a rise of 837 p.c to date. At present, the market capitalization of IREDA has reached near Rs 80,000 crore. At this worth, the multibagger inventory has gained greater than 190 p.c on a year-to-date (YTD) foundation.