Key Events This Week
29 Dec 2025: Stock opens at Rs.138.70, declines 1.63%
30 Dec 2025: Continued decline to Rs.136.95 (-1.26%) amid subdued market
31 Dec 2025: Rebound with 2.15% gain to Rs.139.90, Sensex up 0.83%
1 Jan 2026: Slight dip of 0.39% to Rs.139.35
2 Jan 2026: Strong surge of 5.31% to Rs.146.75, intraday high Rs.147.65, exceptional volume and open interest spike
29 December 2025: Week Opens on a Weak Note
Indian Renewable Energy Development Agency Ltd began the week at Rs.138.70, down 1.63% from the previous close. This decline was sharper than the Sensex’s 0.41% drop to 37,140.23, signalling early weakness in the stock relative to the broader market. The volume was robust at 9.49 lakh shares, indicating active trading despite the negative price movement.
30 December 2025: Continued Downtrend Amid Market Stagnation
The stock extended its losses to Rs.136.95, a 1.26% decline, while the Sensex remained almost flat, down 0.01%. The volume dropped significantly to 3.25 lakh shares, suggesting reduced investor enthusiasm. This day’s performance reflected a cautious sentiment ahead of the year-end, with the stock underperforming the benchmark index.
31 December 2025: Rebound with Market Rally
On the last trading day of 2025, IREDA rebounded strongly, gaining 2.15% to close at Rs.139.90. This recovery outpaced the Sensex’s 0.83% gain, which closed at 37,443.41. Volume surged to 7.88 lakh shares, indicating renewed buying interest. The stock’s recovery aligned with a broader market rally, suggesting improved investor confidence heading into the new year.
1 January 2026: Minor Correction on Low Volume
The stock experienced a slight pullback of 0.39% to Rs.139.35 on relatively high volume of 7.02 lakh shares. The Sensex rose marginally by 0.14%, closing at 37,497.10. This minor dip was likely a consolidation after the previous day’s gains, with investors possibly taking profits early in the year.
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2 January 2026: Strong Surge with Record Volume and Open Interest
The final trading day of the week saw Indian Renewable Energy Development Agency Ltd surge 5.31% to close at Rs.146.75, hitting an intraday high of Rs.147.65. This gain significantly outperformed the Sensex’s 0.81% rise to 37,799.57 and the Finance sector’s average gains. The stock’s volume exploded to 14.51 lakh shares, nearly doubling the previous day’s activity, and it emerged as one of the most actively traded stocks on the BSE.
Open interest in the derivatives segment rose sharply by 10.31%, with 2,705 additional contracts added, signalling increased bullish positioning among traders. The total derivatives value reached ₹40,362.8 lakhs, reflecting heightened market interest. Technical indicators showed the stock trading above its 5-day, 20-day, 50-day, and 100-day moving averages, indicating positive momentum, although it remained below the 200-day average, suggesting longer-term resistance.
Despite this strong technical and volume-driven performance, MarketsMOJO’s mojo score for IREDA remains at 40.0, categorised as a 'Sell' rating following a downgrade from 'Hold' in November 2025. This rating reflects caution due to fundamental or sector-specific concerns, even as the stock’s price action shows short-term strength.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2025-12-29 | Rs.138.70 | -1.63% | 37,140.23 | -0.41% |
| 2025-12-30 | Rs.136.95 | -1.26% | 37,135.83 | -0.01% |
| 2025-12-31 | Rs.139.90 | +2.15% | 37,443.41 | +0.83% |
| 2026-01-01 | Rs.139.35 | -0.39% | 37,497.10 | +0.14% |
| 2026-01-02 | Rs.146.75 | +5.31% | 37,799.57 | +0.81% |
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Key Takeaways from the Week
Positive Signals: The stock’s 4.08% weekly gain outperformed the Sensex by nearly three times, driven by a strong rebound in the last two trading days. Exceptional volume on 2 January 2026, coupled with a sharp rise in open interest, indicates growing investor interest and bullish positioning. Technical indicators show the stock trading above multiple short- and medium-term moving averages, signalling positive momentum.
Cautionary Notes: Despite the price strength, the mojo score remains at 40.0 with a 'Sell' rating, reflecting underlying fundamental or sector concerns. The stock remains below its 200-day moving average, suggesting longer-term resistance and a need for sustained performance to confirm a trend reversal. The weighted average price on the surge day being closer to the low hints at some intraday selling pressure, indicating mixed investor sentiment.
Market Context: The Finance sector and Sensex showed modest gains during the week, but IREDA’s outperformance highlights its distinct trading dynamics. The surge in derivatives activity suggests speculative interest and hedging, which may lead to increased volatility in the near term.
Conclusion
Indian Renewable Energy Development Agency Ltd’s week was marked by a strong recovery from early losses, culminating in a significant 5.31% surge on 2 January 2026 that propelled the stock to Rs.146.75. This performance outpaced the broader market and sector indices, supported by exceptional volume and a sharp rise in open interest, signalling renewed investor enthusiasm. However, the recent downgrade to a 'Sell' mojo rating and the stock’s position below its 200-day moving average counsel caution. Investors should closely monitor upcoming financial disclosures and sector developments to assess whether the current momentum can translate into sustained gains amid a complex fundamental backdrop.
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