IREDA Faces Continued Stock Decline Amid Broader Market Challenges

Feb 12 2025 09:35 AM IST
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Indian Renewable Energy Development Agency (IREDA) has seen a significant decline in stock performance, falling for five consecutive days and underperforming its sector. The stock is trading below its moving averages and has experienced a notable drop over the past month, indicating ongoing challenges in the market.
Indian Renewable Energy Development Agency (IREDA) has experienced a notable decline in its stock performance today, with a decrease of 3.17% as of February 12, 2025. This drop marks a continuation of a downward trend, as the stock has now fallen for five consecutive days, resulting in a total decline of 11.36% over this period.

In terms of market performance, IREDA has underperformed its sector by 2.76%, indicating challenges relative to its peers. The stock reached an intraday low of Rs 170.7, reflecting a decrease of 3.29% during the trading session.

Additionally, IREDA is currently trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which suggests a bearish trend in its price action. Over the past month, the stock has declined by 15.53%, while the broader Sensex index has only seen a modest decrease of 1.90%. These performance indicators highlight the ongoing struggles faced by IREDA in the current market environment.
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