Mon Dec 30 09:50:00 UTC 2024: ## IREDA Stock Rebounds After Five-Day Slump, but ‘Sell’ Rating Remains
**MUMBAI, December 30, 2024** – Indian Renewable Energy Development Agency (IREDA) shares saw a significant rebound today, closing 3.17% higher at [Insert Closing Price]. This surge outpaced the broader sector’s 2.82% gain, marking a reversal after five consecutive days of decline. The stock reached an intraday high of Rs 204.2, a 3.68% increase.
Despite the positive day, IREDA remains below its key moving averages (5, 20, 50, 100, and 200-day), suggesting a persistent bearish trend in the longer term. While IREDA’s daily gain of 2.69% contrasted with the Sensex’s slight 0.13% dip, the stock is still down 1.39% over the past month, compared to the Sensex’s 1.52% decline.
MarketsMOJO maintains a ‘Sell’ rating for IREDA stock, advising caution despite the recent price fluctuation. Investors are urged to exercise prudence and carefully consider all relevant information before making investment decisions. *Investment in securities market are subject to market risks. Read all the related documents carefully before investing.*
First Piper 