The Share Of PSU IREDA Has Tripled In Value In Just 10 Days, Time To Book Profit Or Buy More?
#ireda #psu #sharestobuytoday #iredaipo #iredastockprice
Indian Renewable Energy Development Agency (IREDA) shares continued their strong upward move for the third straight session on Tuesday, breaching the 100-mark in early trade. The stock soared 20% to hit its lifetime high of ₹102.02. At this price, the scrip has gained 218% in just three days. The stock made a remarkable stock market debut on November 29, listing with a premium of over 56% against the issue price of ₹32. The IPO was the first public issue by a public sector enterprise after LIC in May last year. BTTV’s Shailendra Bhatnagar and Sakshi Batra spoke to Dharmesh Kant, Head of Equity Research, Cholamandalam Securities about the levels the red-hot stock can hit in the next few days.
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