Indian Renewable Energy Development Agency (IREDA) Shows Strong Performance in Stock Market, Gains 3.63% on October 9th

Indian Renewable Energy Development Agency (IREDA) has shown a positive trend in the stock market, gaining 3.63% on October 9th, 2024. This has been the second consecutive day of gains for the company, with a total increase of 10.28% in the past two days. The stock has also outperformed the sector by 1.85%, indicating a strong performance.

MarketsMOJO, a leading stock analysis and recommendation platform, has given a 'Hold' call for Indian Renewable Energy Development Agency. This suggests that the stock is expected to perform steadily in the near future.

In terms of price, the stock touched an intraday high of Rs 234, showing a 4.19% increase. The moving averages for the company are also positive, with the stock being higher than the 5 day, 20 day, 100 day, and 200 day moving averages. However, it is currently lower than the 50 day moving average.

In comparison to the overall market performance, Indian Renewable Energy Development Agency has shown a strong performance. On the day of October 9th, the stock gained 3.63%, while the Sensex only had a 0.06% increase. In the past month, the company has also outperformed the Sensex with a 4.26% increase, while the Sensex only had a 0.15% increase.

Overall, Indian Renewable Energy Development Agency has shown a positive trend in the stock market, with strong gains and outperforming the sector and market. With a 'Hold' call from MarketsMOJO, the company is expected to continue its steady performance in the near future.