IREDA Stock Declines 2.32% Despite Strong Opening; ₹30,800 Cr Borrowing Plan in Focus

28th March, 2025 / 3:30 PM

IREDA share prices have touched ₹159.50 by the end of the trading session, which is about 2.32% lower than the opening price of ₹163.30. At the same time, the opening price itself was more than the closing price on March 27 by around 1.01%. The stock price also opened at ₹161.69 on March 27, while closing at ₹162.92 on March 26. This was the third straight day where it opened above its closing price as well.

With the borrowing plan being approved by the company board for FY26 (of about ₹30,800 crore), there will be more focus on the stock going forward, as per expectations. At midday, the stock prices touched ₹163.13, which was slightly lower than the opening, and this came after a peak to ₹166.42 early on and a subsequent drop to ₹162.77. It remains to be seen how the stock prices play out down the line.

28th March, 2025 / 12:30 PM

IREDA share prices touched ₹163.13 at midday, which is about 0.10% lower than the opening price of ₹163.30. The share prices had a good start and peaked early at ₹166.42 before they came down to ₹162.77 sometime earlier and then corrected to the midday figure. The going has mostly been steady for the stock today, with a positive growth curve clearly visible.

This comes on the back of the board approving a borrowing plan of ₹30,800 crore for FY26 and the use of Tier-II bonds to raise funds. These developments may impact the stock prices considerably going forward as per expectations. 

28th March, 2025 / 9:30 AM

IREDA share prices have been firmly in focus over the last few days, with several market announcements and developments revolving around the company. They have opened at ₹163.30 today (March 28) as compared to ₹161.66 yesterday (March 27), which indicates growth of 1.01%. The company stock prices opened on March 27 at ₹161.69, which was higher than the closing price of ₹162.92 on the 26th of March. Hence, this is the third straight day that the stock has opened above its closing price. 

It should remain in focus going forward, with news of its borrowing plan approval for FY26 and recent fund-raising via bonds. It remains to be seen how the stock plays out till the end of the trading day. 

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