IREDA Share Down By 50% From Record High, Falls 7% In F&O Segment.

IREDA share price dropped by 7% and have lost 20% in February and becomes it fastest monthly decline since its listing from December 2023.

IREDA Share Price

The share price of IREDA has dropped by 7%. On February 28, the stock price of IREDA dropped by 7% and came down to ₹154. This happened when the stock market trading started in the new segment featuring futures and options(F&0). Before this, IREDA stock was performing very well and was stable. This decline come after a strong run with gains four in the last five trading sessions. But it is normal in the stock market.

Drop in IREDA’S Value

The value of IREDA has gone down a lot, it has gone down by 50%. The business was at its highest point of ₹310, this happened when the company listed its shares on July 15, 2023 in February alone. The share price of IREDA dropped by 20%. And this was a big drop for the company, since started trading in December 2023.

The shareholder of IREDA have agreed tolet the company’s share raise ₹5000 crore from investors, this will help the company’ to grow, and also the government stake will go down by 7%. IREDA has also achieved a very good achievement and it has been awarded the Navratna status, which is a great honor for the company, the shareholders have also approved some changes in the company rules.

IREDA’S Financial Performance

IREDA was very financially good in the third quarter. Its profit increased by 27% to ₹ 425 crore. This happened because the company’s revenue increased by 36% to Rs 1,698 crore. The company also saved money on its loans. Also the interest rates have come down to 7.68% from 7.82% last year. This helped the company a lot in making money good from its loans.

The expenses of IREDA have also increased by 33.8% to ₹1160.78 crore. But another good news for IREDA is that the company has very little bad loans left and this has decreased from 2.68% from 2.90% last year. This is a positive sign for the financial health of the company, and for the market investors.

Open  a free Demat account right now with Upstox! Start your path to successful investment by keeping an eye on the most recent share market values in real time. Click here.