New Delhi, Jan. 1 -- IREDA share price jumped nearly 2% in intraday trade on Thursday, January 1, after the company posted a strong business update for the December quarter of the financial year 2025-26 (Q3 FY26).

The PSU stock gained as much as 1.7% to Rs.142.30 apiece in the early morning session on Thursday. However, the stock gave up these gains and touched an intraday low of Rs.138.80 as against the last closing price of Rs.139.90 on the BSE.

In a regulatory filing on Wednesday, IREDA reported that loan sanctions for the quarter surged 29% year-on-year to Rs.40,100 crore, up from Rs.31,087 crore in the same period last year. Loan disbursements also saw strong growth, climbing 44% year-on-year to Rs.24,903 crore compared with Rs.17,...