New Delhi, Nov. 9 -- Indian Renewable Energy Development Agency (IREDA) shares rallied nearly 7% on Monday, November 9, amid strong buying interest and high trading volumes. IREDA share price opened at Rs.111.62 apiece on the NSE, against their previous close of Rs.111.46, and climbed to an intraday high of Rs.119.58, marking a gain of around 7.3% from the previous closing price.

The stock witnessed significant trading activity, with more than 3 crore shares changing hands by around 1:30 pm, indicating strong investor participation. The rally comes despite IREDA shares remaining under pressure over the longer term, having declined around 20% in the past year.

The buying interest comes after the company's September-quarter results, which...