Navratna share price increased from Rs 32 to Rs 220

Business Business: Shares of Navratna based company IREDA saw a rise on the first day of the new year. Shares of Indian Renewable Energy Development Agency Limited (IREDA) rose more than 5 percent to Rs 227.70 on BSE on Wednesday. This sharp rise in IREDA shares is due to December 2024. IREDA shares have risen from Rs 32 to Rs 220 in the last 13 months. The 52-week high of IREDA stock is Rs 310. At the same time, the 52-week low of the stock is Rs 100.40.

IREDA’s December 2024 loan approvals grew 129% year-on-year to Rs 31,087 crore. During the same period last year, the company had sanctioned loans worth Rs 13,558 crore. The company’s loan disbursement grew 41% year-on-year to Rs 17,236 crore in the December quarter of the current fiscal year, as against Rs 12,220 crore in the same period last year. As of December 2024, the outstanding loan balance stood at Rs 69,000 crore.