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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 shares up 12% after 'Navratna' status, stock up 5x from IPO price

IREDA share price today: The shares opened at ₹186.20 apiece on the BSE and went on to touch an intraday high of ₹191.50.

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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.

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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.

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IREDA granted 'Navratna status' from department of public enterprises

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

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