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IREDA Share Price Target After Receiving Navratna Status; Stock Hits High

On 22nd April, Shares of Indian Renewable Energy Development Agency Ltd (IREDA) rose by 12 percent after the company reported a strong performance in the Q4 results for the quarter ended in March 2024.

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IREDA surges 12% on achieving Navratna PSU status

The Department of Public Enterprises granted the ‘Navratna status’ to Indian Renewable Energy Development Agency.

Navratna psusVikas nigamDepartment of public enterprisesIndian renewable energy development agencyRenewable energyPublic enterprisesIndian renewable energy developmentRail vikas nigamIreda stockReda navratnaReda psuReda cpse

IREDA shares soar over 12% post attainment of Navratna status

PSUs are given a status from Maharatna companies, Navratna companies, and Miniratna companies. Navratna companies can invest up to Rs 1,000 crore without prior government approval.

Banking financial institutionIndian renewable energy development agencyNon banking financial institutionIreda sharesIreda share priceIreda stockMarkets newsStock market newsNavratna status

IREDA stock in focus after company gets Navratna status Here s what that means

Navratna status is accorded to PSUs who are authorised to take up investments of up to ₹1,000 crore without Central nod.

Renewable energyDepartment of public enterprisesPublic enterprisesNavratna statuIndian renewable energy development agencyNavratna statusIreda sharesIreda share priceIreda stock priceIreda stock

IREDA granted Navratna status from department of public enterprises

IREDA s performance in the January-March quarter exhibited enhanced margins and improved asset quality.

Navratna statuIreda stockIreda sharesIreda share priceNavratna status

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