IREDA shares in focus amid shareholder lock-in period ends
IREDA shares gain as shareholder lock-in ends; Rs 9400 crore worth stock eligible for trading
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Shares of Indian Renewable Energy Development Agency (IREDA) Ltd are in focus on Monday’s trading session as its shareholder lock-in period came to an end. A total number of 53.8 crore shares of the company have likely to freed-up for trading on Monday. According to Nuvama Alternative & Quantitative Research, the IREDA's six-months and beyond lock-in period comes to an end.
Additionally, the number of shares that freed up for trade, accounts for 20% of the company's outstanding equity. Meanwhile, it should be noted that the end of the shareholder lock-in does not mean all the eligible share will be sold in the open market. They only become eligible to be traded.
The total value of IREDA's shares based on Friday’s trading closed prices that will free up for trading is over Rs 9,400 crore or over $1 billion.
Currently, the shares of IREDA are trading higher by 0.43% at Rs 175.45 with market capitalization of Rs 47.16K crore. The stock has been corrected by over 5.89% in past one month.
The Revenue of operations for Q4FY25 stood at Rs 687.4 crore, up by 34.1% and the Net Income stood at Rs 501.53 crore with an increase of 48.65%.The Net Profit margin has been increased by 10.85% at 72.96%.
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