Business: Today, September 20 at 1:01 pm, the IREDA stock was trading at Rs 231.2, up 0.41% from its previous close. The Sensex was trading 1.44 per cent higher at Rs 84,380.32. The stock touched a high of Rs 234 and a low of Rs 228.05 during the day.
Technically, the stock is trading above the 5-, 10-, 100- and 300-day SMAs and below the 20- and 50-day SMAs. The stock finds support at the 5-, 10-, 100- and 300-day SMAs and resistance at the 20- and 50-day SMAs. The SMA value of the stock is:
Daily Simple Moving Average
5,229.55
10,229.64
20,239.19
50,249.26
100,215.18
300 176.53
Traditional pivot level analysis shows that the major resistance levels of the stock in intraday time frame Rs. 236.05, Rs. 242.65, Rs. 247.8 and major support levels Rs. 224.3, Rs. 219.15 and Rs. 212.55.
At 1 pm today, the trading volume of IREDA on NSE and BSE increased by 25.01% compared to the previous session. Apart from price, trading volume is an important indicator to check trends. A positive price movement on high volume may indicate continuation of bullish trend, while a negative price movement on high volume may indicate further price decline.
From a fundamental analysis point of view, the company’s ROE is 17.28%. The current price-to-earnings ratio is 43.27.
As per June quarter filings, the company has 75.00% promoter shares, 0.18% MF shares and 2.70% FII shares.
MF ownership ratio fell to 0.18 per cent in the June quarter from 0.40 per cent in March.
FII share increased from 1.36 per cent in March to 2.70 per cent in the June quarter.
