IREDA Shares Hits 52-Week Low at Rs.133, underperforms by 2.16%
The stock has marked the seventh consecutive day of losses with the stock returning -7.2% over the period.
Shares of public sector unit, Indian Renewable Energy Development Agency (IREDA) has touched an intraday low of Rs 133, and represents a 2.74% decline of the day. The stock has underperformed its sector by 2.16%.
The stock has marked the seventh consecutive day of losses with the stock returning -7.2% over the period. On contrary, the stock market has shown resilience and has recovered to close 0.15% higher at 85,390.62 points with the negative opening down by 139.84 points.
However, the sensex index remains close to its 52-week high of 86,159.02 while trading above its 50-day and 200-day moving averages, encouraged by large capital stocks. The relative downfall of IREDA stock as compared to index benchmark shows a highly divergence in overall market.