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IREDA makes dream debut
image for illustrative purpose
New Delhi: Shares of Indian Renewable Energy Development Agency (IREDA) made a remarkable stock market debut on Wednesday, ending with a premium of 87.5 per cent, against the issue price of Rs 32. The stock listed at Rs 50, up 56.25 per cent from the issue price on both the BSE and NSE. During the day, it rallied 87.46 per cent to Rs 59.99 on the BSE.
On the NSE, the stock ended at Rs 60 apiece, soaring 87.5 per cent. The company commanded a market valuation of Rs 16,123.90 crore. In volume terms, 381.55 lakh shares of the firm were traded on the BSE and over 57.98 crore shares on the NSE during the day.
