IREDA share price will be closely watched today after a strong rally of nearly 10% in the previous session. Investors are focusing on the stock as the company’s board of directors is set to meet today, March 25, to discuss its borrowing plan for the financial year 2025-26.
The Indian Renewable Energy Development Agency (IREDA), a state-owned company, announced in a stock exchange filing on March 20 that its board would consider borrowing-related matters during this meeting.
Earlier, on March 17, IREDA’s board approved an increase in its borrowing program for FY25 by ₹5,000 crore, taking the total borrowing limit to ₹29,200 crore.
The company plans to raise funds through various means, including:
IREDA’s stock has been on a downward trend in recent months:
However, despite recent declines, IREDA share price has gained over 10% in the past year. On Monday, March 24, the stock surged 9.78% to close at ₹170.05 per share on the BSE.
IREDA share price opened at ₹172.00, reached a high of ₹176.77, and a low of ₹171.33, with the current price at ₹172.90, up by ₹2.86 or 1.68% as of 10:26 AM IST on March 25.
With the board meeting today, investors will closely watch for announcements regarding IREDA’s borrowing strategy and future growth plans.
IREDA’s stock has seen both gains and declines in recent months. While investors remain cautious due to recent losses, the upcoming borrowing plan could provide clarity on the company’s financial strategy. The outcome of today’s board meeting will be crucial in determining the stock’s next move.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Mar 25, 2025, 10:34 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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