Indian Renewable Energy Development Agency (IREDA) Outperforms Sector and Sensex with 5.09% Gain

Indian Renewable Energy Development Agency (IREDA) has shown a strong performance in the stock market, gaining 5.09% on November 25, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

The stock has outperformed the sector by 3.23% today, indicating a positive trend in the renewable energy finance industry. It has also shown consecutive gains for the last 2 days, with a 5.2% increase in returns during this period. The stock opened with a gain of 2.94% today and reached an intraday high of Rs 195.35, showing a high volatility of 18.93%.

Despite the volatility, the stock's moving averages are higher than the 5-day moving average, but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. This suggests a mixed trend in the stock's performance.

In comparison to the Sensex, Indian Renewable Energy Development Agency Ltd has shown a higher 1-day performance of 5.28%, while the Sensex has only gained 1.63%. Similarly, in the last 1 month, the stock has outperformed the Sensex with a 2.12% increase, while the Sensex has only gained 1.26%.

Overall, Indian Renewable Energy Development Agency Ltd has shown a strong performance in the stock market, with a positive trend and outperforming the sector and Sensex. Investors may consider holding onto their stocks for now, as suggested by MarketsMOJO's 'Hold' rating.