IREDA Slumps 3.2% Despite Loan Book Surge; Closes at ₹156.88 on April 4

4th April, 2025 / 3:30 PM

IREDA share prices closed the day (4th April) at ₹156.88, which is a whopping 3.20% lower than the opening price of ₹162.07 today. This is a complete contrast to yesterday, when it closed 2.25% higher than the opening price of ₹158.50. At the same time, the opening price on the 3rd was also 2.03% lower than the closing price of ₹161.80 on 2nd April. Even though there was a surge in the IREDA loan book to ₹47,453 crore, muted sentiments may be the reason for its final slump, something that was clearly visible throughout the day.

The stock prices touched ₹156.78 at midday, which was a major drop from the opening price post touching ₹162.15 as the peak and plunging all the way down to ₹155.97. It remains to be seen how things will  play out for the stock going forward.

4th April, 2025 / 12:30 PM

IREDA share prices opened today at ₹162.07, which was the same as the closing price yesterday, and now they have touched ₹156.78 at midday, indicating a slump of 3.26% from the opening figures. This comes on the back of a moderating price trend for the stock as observed early today. The lowest point today has been ₹155.97, while it did rise earlier to ₹162.15 as the peak.

How will the stock prices end up by the close of the trading day? That remains to be seen, especially with news of the increasing IREDA order book to ₹47.453 crore, driving a higher closing figure yesterday but not enthusing investors as much today.

4th April, 2025 / 9:30 AM

In a rather interesting development, IREDA share prices have opened at ₹162.07, which was the closing price yesterday (3rd April) as well. Does this represent a moderating trend for the stock which closed 2.25% higher yesterday than the opening price of ₹158.50? For that we will have to wait until midday trading at least to gauge where it’s going. However, the stock did open 2.03% lower on 3rd April as compared to the closing price of ₹161.80 on 2nd April. However, on 2nd April, the pattern was different, with the opening price exceeding 1st April’s closing price by 0.51%. 

So, it’s a mixed bag of fortunes that’s been seen for the stock in recent days, even though yesterday’s closing could have been driven by the surge in the IREDA loan book to ₹47,453 crore. 

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