IREDA Shares Open Strong on Record Q4 Profits, Slip 0.36% by Close Amid Volatile Trade

16th April, 2025 / 3:30 PM

IREDA share prices opened at ₹177.03 on 16th April, marking a massive increase of 6.01% from the closing price of ₹166.98 yesterday. At the same time, the 15th April opening price was also higher than the closing price on 11th April. A lot of this momentum supposedly had to do with the news of the Q4 financial results of the company, where it posted 37% growth in revenues and a whopping 49% increase in net profit to reach its highest-ever tally of ₹502 crore.

Yet, by midday, the share prices came down by 0.15% to touch ₹176.75 in a marked departure from the opening trend, peaking at ₹179.18 and then falling to ₹174.60 in the interim. The closing price today is now ₹176.39, which is 0.36% lower than the opening price for the day. This clearly indicates a continuation of the midday trends.

16th April, 2025 / 12:30 PM

IREDA share prices have come down to ₹176.75 by midday, which indicates a drop of about 0.15% from the opening price of ₹177.03 today (16th April). This belies the opening trends, when the share prices were a whopping 6.01% higher than the closing price of ₹166.98 yesterday (15th April). The stock traded at a high of ₹179.18 with an initial rise and then came down to ₹174.60 before recovering slightly to the midday figure.

The prices are showing an upward trend after the initial slump, although it remains to be seen whether they close above the opening at the end of the day or go downwards even further. 

16th April, 2025 / 9:30 AM

IREDA share prices opened at ₹177.03 today, marking an increase of 6.01% from yesterday’s (15th April) closing price of ₹166.98. Prices opened at ₹159 on 15th April and this was also higher than the closing price of ₹154.20 on 11th April. They also closed substantially higher yesterday on the back of the company’s recent announcements. 

IREDA has released its Q4 financial results, which point at revenue growth of 37% and an increase in net profit by 49% to touch ₹502 crore. This is the company’s highest-ever annual profit and it has clearly unleashed a positive momentum for the stock which has seen handsome gains in overall value today. 

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