IREDA Share Price: On the first day of the new year, the shares of Navratna company Indian Renewable Energy Development Agency (IREDA) remained in focus. IREDA shares saw a rise of 5 percent on Wednesday, January 1, 2025. At the end of trading, IREDA shares closed at Rs 221.80 with a gain of 3.09 percent on BSE. The strength in the company's shares has come after the business update of the December quarter.

Journey from ₹ 32 to ₹ 222 in 13 months
IREDA shares have made investors rich in 13 months. In 13 months, the stock has traveled from Rs 32 to Rs 220. The company's IPO was open from 21 to 23 November 2023. The price of the company's share in the IPO was Rs 32.

The market cap
of IREDA is Rs 59,603 crore. The 52 week high of the stock is Rs 310 and the 52 week low is Rs 100.40.

IREDA Share Price History
If we look at the performance of IREDA shares, there has been a gain of 10.35 percent in the last one week. It has given a return of 8.14 percent in the last one month. There has been a decline of 3.88 percent in the last 3 months. It has given a return of 3.09 so far this year. It has risen by 111.94 percent in the last one year.

Loan disbursement increased by 41% on an annual basis
Loan disbursement of public sector company IREDA increased by 41% to Rs 17,236 crore in the December quarter. According to a statement issued by the company late on Tuesday evening, as per updated data, IREDA sanctioned loans worth Rs 31,087 crore in the third quarter (September-December), which shows a rise of 129% on an annual basis compared to Rs 13,558 crore in the same period last year.