IREDA shares have closed at ₹154.20 today (11th April), which is a continuation of the midday trends, when it touched ₹154.38, inching 1.35% lower from the opening price of ₹156.50 for the day. The closing price today is thus 1.46% lower than the opening figure. Yet, the start was stellar today, with the opening figures surpassing 9th April’s closing price of ₹151.20 by a handsome 3.21% on the back of eager investor expectations regarding the scheduled board meeting on 15th April and the release of the company’s financials. However, this closing price was lower than the opening price on 9th April by 1.53%.
Before midday, the share prices went up to ₹155.89 after a dip and then fell to ₹153.38 before going up slightly to ₹154.38. With these latest developments, it will be interesting to see which way the stock goes in the future.
IREDA share prices got off to a good start today, opening at ₹156.50 for 11th April, which is approximately 3.21% higher than the closing price of ₹151.2 on the 9th of April. By midday, however, the stock seemed to have lost some momentum, with prices coming down to ₹154.38, which indicates a drop of 1.35% from the opening price. IREDA has been in the news for its upcoming board meeting on 15th April and the impending release of its Q4 financials by then.
The stock touched a high of ₹155.89 after the initial drop and then came down to ₹153.38 in a prolonged fall, although it has recovered slightly to reach the midday figures accordingly. How it plays out by closing is to be seen, especially since the stock closed 1.53% lower than the opening price on 9th April.
IREDA share prices have opened today (11th April) at ₹156.50, which is 3.21% more than the closing price of ₹151.62 on 9th April. Interestingly, this comes after the latter was about 1.53% lower than the opening price on 9th April, which was ₹153.99. Also, the latter was 0.09% higher than the closing prices on 8th April, although there was a marked midday slump seen from midday onwards on the 9th of April.
With the stock closing lower than the opening price for two straight days and opening higher today, will the pattern repeat itself? IREDA has fixed its next board meeting on 15th April and expectations of the company financials for Q4 coming out by then.
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