New Delhi, Oct. 2 -- Shares of Indian Renewable Energy Development Agency (IREDA) have been on a downtrend over the last two years, falling more than 60% from its all-time high of Rs.310, scaled on 15 July 2024.

On Thursday, 1 October, the stock ended at Rs.111 on the NSE, with a loss of 0.61%. At this price, the PSU stock is down 64% from its all-time high. Year-to-date, the stock is down 20%, while over the last 1 year, its losses have expanded to 28%.

The PSU stock hit a 52-week low of Rs.107.40 on 16 September this year and a 52-week high of Rs.158.70 on 15 October last year.

IREDA's share price debuted on the Indian bourses on 29 November 2023. At the current market price of Rs.111, it is up 247% from its issue price of Rs.32.

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