Indian Renewable Energy Development Agency (IREDA) Reports Revision in Its Stock Evaluation Amid Market Fluctuations

Indian Renewable Energy Development Agency (IREDA) has recently undergone a revision in its score, reflecting the stock's current market dynamics and performance indicators. On January 9, 2025, IREDA experienced a decline of 3.38%, which is notable when compared to its sector's decrease of 2.69%. This downturn follows a brief period of gains, as the stock has faced challenges after two consecutive days of increases.
During the trading session, IREDA reached an intraday low of Rs 213.65, indicating a decrease of 4.32%. Despite this recent dip, the stock remains above its 20-day, 50-day, and 200-day moving averages, although it is currently below the 5-day and 100-day moving averages. Over the past month, IREDA has seen a decline of 2.84%, while the broader Sensex index has decreased by 4.77%.

The stock's performance on a single-day basis, with a drop of 3.49%, stands in contrast to the Sensex's decline of 0.68%, further emphasizing the challenges IREDA is facing in the current market environment. In light of these developments, IREDA has been added to MarketsMOJO's list, indicating a shift in evaluation that investors may want to consider as they navigate the evolving landscape of renewable energy investments.