Indian Renewable Energy Development Agency (IREDA) Reports Revision in Stock Evaluation Amid Recent Performance Decline

Indian Renewable Energy Development Agency (IREDA) has recently undergone a revision in its score, reflecting the current challenges faced by the stock. On January 10, 2025, IREDA experienced a decline of 4.49%, contributing to a total drop of 7.05% over the past two trading days. This underperformance is notable, as the stock has lagged behind its sector by 2.7%.
During the trading session, IREDA reached an intraday high of Rs 222.75, showcasing a gain of 3.17%, but also faced a low of Rs 207.5, indicating a decrease of 3.89%. The stock's performance in relation to moving averages reveals that it is currently positioned above the 50-day and 200-day moving averages, yet below the 5-day, 20-day, and 100-day moving averages.

In a broader market context, IREDA's one-day performance of -4.61% stands in stark contrast to the Sensex, which experienced a slight increase of 0.09%. Over the past month, IREDA has recorded a decline of 6.89%, while the Sensex has seen a smaller decrease of 4.69%.

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 current market landscape.