IREDA share prices have touched ₹151.62 at closing, which is 1.53% lower than the opening price of ₹153.99 for today (9th April). This opening figure was 0.09% higher than yesterday’s closing prices, which marked a positive start, although the midday figures were slightly disappointing at ₹151.88, which was 1.37% lower than the opening price.
The stock did peak before midday to ₹154.69 and then plunged sharply to ₹150.70 prior to moving back to the midday numbers in a slight recovery of sorts. Interestingly, the closing price yesterday was lower than the opening price as well. There are fluctuations for the stock after the board of the company fixed a date for the next meeting (15th April) and uncertainty regarding its Q4 earnings results and shareholding pattern.
IREDA share prices witnessed a turnaround today at opening, starting the day at ₹153.99, which was about 0.09% more than the closing price of ₹153.85 yesterday. This came as a breather for investors since the closing price on 8th April was 2% lower than the opening price of ₹157 for the day. However, by midday, the share prices have touched ₹151.88, which indicates a drop of 1.37% from the opening figures.
The stock peaked early at ₹154.69 before witnessing a sharp plunge to ₹150.70 and then moving up a little to the midday numbers. The stock performance will be in focus, with the board setting a meeting for 15th April, and earnings for Q4 may also be declared on this date.
IREDA share prices have been keenly watched by market analysts recently and they have opened today (9th April) at ₹153.99 which is just 0.09% higher than the closing price of ₹153.85 yesterday (8th April). Yet, closing prices yesterday were around 2% lower than the opening price of ₹157 and hence the IREDA stock may have shaken off these downtrends towards making a recovery although it still remains to be seen whether prices will hold till midday.
The IREDA board has already convened a meeting for 15th April to declare Q4 earnings and reveal the updated shareholding pattern. There may be some anticipation and fluctuations in the build-up to the date.
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