Bengaluru, Jan. 12 -- The shares of this Navaratna company, which was established for the promotion, development and commercialisation of new and renewable sources of energy and provides financial assistance to energy efficiency and conservation projects. Is in the news following its Q3 results, which highlighted growth in several of its metrics.

With the market cap of Rs 38,823 crore, the shares of Indian Renewable Energy Development Agency Ltd gained about 4%, reaching a high of Rs 142.30, compared to its previous day closing price of Rs 136.65. The shares are trading at a PE of 20.7, whereas their industry PE is at 20.4. The shares have given a return of 122% since their listing in December 2023.

About the Q3 result highlights

IREDA...