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IREDA shares fall to ₹111 after top-management extension approval
The stock ended at ₹111 on the NSE on 1 October, down 0.6%, and trades near a 52-week low of ₹107.4 set on 16 September.
Shares of Indian Renewable Energy Development Agency, IREDA, have fallen sharply from their all-time high of ₹310, with the stock now trading at ₹111, according to LiveMint Markets. The decline represents more than a 60% drop from the peak, and the article notes the downturn has persisted over the last two years.
On 1 October, the stock ended at ₹111 on the National Stock Exchange, down 0.61% on the day. At this level, IREDA is described as being down 64% from its all-time high, with losses of 20% year-to-date and 28% over the past one year.
The article also highlights that IREDA hit a 52-week low of ₹107.40 on 16 September and a 52-week high of ₹158.70 on 15 October of last year. It adds that IREDA debuted on Indian exchanges on 29 November 2023 and is up 247% from its issue price of ₹32.
LiveMint Markets further says the Ministry of New and Renewable Energy approved an extension of the additional charge for the posts of Chairman and Managing Director for Dr. Bijay Kumar Mohanty, effective from 1 October 2026 for three months, or until a regular incumbent is appointed, or until further orders. The stock drop is framed in the context of this government decision, as referenced in the exchange filing.