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.
Shares of IREDA surged 11.59 per cent to Rs 179.45 during the trading session on Monday, commanding a total market capitalization of more than 48,000 crore.
IREDA share price today: The stock climbed 6 per cent to close at Rs 170.45. PhillipCapital's target price of Rs 110 suggests a 35.46 per cent potential downside.