IREDA Stock Opens Strong with 5.66% Gain, Signaling Potential Trend Reversal
Indian Renewable Energy Development Agency (IREDA) experienced notable stock market activity today, reversing a two-day decline with a significant gain. The stock outperformed its sector, reflecting a complex interplay of market dynamics and technical indicators, which suggest mixed signals regarding its short-term outlook.
Indian Renewable Energy Development Agency (IREDA) has shown significant activity in the stock market today, opening with a gain of 5.66%. This performance marks a notable trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 166, reflecting a 6.14% increase at its peak. In terms of market performance, IREDA outperformed its sector, the Finance/NBFC industry, by 2.65%, which itself gained 3.63% today. Over the past month, IREDA's performance stands at 7.33%, slightly trailing the Sensex, which recorded an 8.33% increase.
From a technical perspective, the stock's moving averages indicate a mixed outlook, being higher than the 5-day and 50-day averages but lower than the 20-day, 100-day, and 200-day averages. The MACD shows a mildly bullish trend on a weekly basis, while the overall technical indicators suggest a bearish sentiment in the short term.
Overall, IREDA's stock activity today reflects a complex interplay of market dynamics and technical indicators, highlighting its current position within the finance sector.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
