IREDA Experiences High Trading Volume Amid Declining Investor Participation

Indian Renewable Energy Development Agency Ltd (IREDA) has emerged as one of the most active equities today, reflecting significant trading activity. The stock recorded a total traded volume of 7,870,851 shares, with a total traded value of approximately Rs 135.91 crores. Opening at Rs 171.8, IREDA reached an intraday high of Rs 174.6, marking a 2.63% increase, before settling at a last traded price of Rs 170.76.
In terms of performance, IREDA has outperformed its sector by 0.83% and has shown a consecutive gain over the past two days, yielding a total return of 1.19% during this period. The stock's performance is noteworthy as it remains above its 5-day, 20-day, 50-day, and 100-day moving averages, although it is below the 200-day moving average.

Despite this positive performance, there has been a notable decline in investor participation, with delivery volume dropping by 68.98% compared to the 5-day average. Nevertheless, the stock maintains sufficient liquidity for trading, with a capacity for trade sizes up to Rs 4.55 crores based on 2% of the 5-day average traded value. Overall, IREDA's activity today highlights its current market position within the finance industry.