IREDA shares rise nearly 2% ahead of Q2 earnings announcement

Delhi Delhi. Today, when IREDA is going to announce its second quarter earnings, the company’s shares are seeing a positive trend. In early trade, the company’s shares saw a rise of about 2 per cent. At 2:16 pm, the company’s shares were trading at Rs 234.05, up 1.27 per cent. The shares opened at Rs 233.60 and touched a high of Rs 237.00 and a low of Rs 231.60 during the session. The market capitalization of the company rose to Rs 62,436 crore. The company’s turnover stood at Rs 17.13 crore with 7.33 lakh shares changing hands. Looking at the historical performance of the company, the company’s stock reached an all-time high of Rs 310 on July 15, 2024 after making its debut on BSE and NSE on November 29, 2023 at a premium of 56.25 per cent to its issue price of Rs 50. The price band of the IPO was fixed between Rs 30 and Rs 32. Similarly, the stock hit a 52-week low of Rs 49.99 on November 29, 2023. In the first quarter of the current financial year, the company reported a 30 per cent growth in profit after tax (PAT) to Rs 384 crore from Rs 295 crore in the same quarter last year.