Indian Renewable Energy Development Agency reaches all-time high, outperforms sector by 4.67%

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Indian Renewable Energy Development Agency (IREDA) has reached an all-time high on July 15, 2024, with its stock price hitting Rs.310. This largecap company in the finance/NBFC industry has been gaining momentum in the market, outperforming its sector by 4.67%. The stock has been on a consecutive rise for the past 4 days, with a significant increase of 24.32% during this period.

Today, the stock opened with a gain of 5.73% and touched an intraday high of Rs.310, showing high volatility with an intraday range of 31.97%. This indicates a strong buying interest in the stock. Indian Renewable Energy Development Agency is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive sign for investors.

In comparison to the Sensex performance of NA%, Indian Renewable Energy Development Agency has shown a strong performance in the past year. However, it is important to note that this is not a recommendation to buy or sell the stock. According to MarketsMOJO, the stock call for Indian Renewable Energy Development Agency is 'Hold'.

Overall, Indian Renewable Energy Development Agency has shown a strong performance in the market, reaching an all-time high and outperforming its sector. With its consistent rise in stock price and strong performance in the past year, it is definitely a company to keep an eye on in the finance/NBFC industry.