IREDA Closes 2.25% Higher as Loan Sanctions, Order Book Boost Sentiment

3rd April, 2025 / 3:30 PM

IREDA share prices have been keenly watched lately and have closed today (3rd April) at ₹162.07, which is 2.25% higher than the opening price of ₹158.50. There was some initial disappointment among investors when the stock opened almost 2.03% lower than the closing price on 2nd April, i.e., ₹161.80. Very interestingly, the stock followed a completely different trajectory, with the opening price for the date being 0.51% higher than the closing price of ₹160.67 on the 1st of April. However, the opening prices were lower on 1st April in comparison to the closing prices for 28th March.

The share prices were at ₹161.94 by midday, marginally higher than the opening price, and this came after an initial slump to ₹160.25. Thereafter, the prices started rising again, peaking at ₹163.16 and then coming down to the midday numbers. With news of its loan sanctions going up to ₹47,453 crore and a burgeoning order book, expect this stock to be in the news down the line.

3rd April, 2025 / 12:30 PM

IREDA share prices have been in the news after they opened 2.03% lower than the closing price yesterday. This came despite news of the company increasing its loan sanctions to about ₹47,453 crore and a robust loan book. However, share prices have now steadily recovered by midday, touching ₹161.94, which is marginally higher (0.27%) than the opening price.

Even after opening lower, the share prices slumped further to ₹160.25, and then it started rising steadily thereafter, peaking at ₹163.16 and then touching the midday figure after a slight drop. This may indicate that the company stock may be on the road towards further recovery after positive sentiments permeate the market regarding its recent announcements.

3rd April, 2025 / 9:30 AM

IREDA has been in the news for an increase in loan sanctions by the company to a whopping ₹47,453 crore. This update positively impacted the stock which closed 0.18% more than its opening price (₹161.50) yesterday at ₹161.80. Yet, it opened today (3rd April) at ₹158.50, which is 2.03% lower than yesterday’s closing price despite the recent developments. Interestingly, the opening price on 2nd April was 0.51% higher than 1st April’s closing price of ₹160.67. In the same vein as today, the opening price of ₹160.40 on 1st April was lower than the closing price of ₹160.59 on 28th March. 

The stock is clearly demonstrating fluctuations with two days of opening lower than the closing price, with just one day in between where it opened higher than the same. It remains to be seen how it holds up by midday in response to its latest news updates. 

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here