By Admin 
Navratri top pick: The festival of Navratri is starting from Monday. During this time, the shares of the Indian Renewable Energy Development Agency (IREDA) can see a boom. We are not saying this. This estimate is of brokerage firm Choice Institute Equities. Brokerage estimates that during Navratri, this stock can make its investors strong. Brokerage said that Ireda has come out of the long -standing consolidation phase and is currently trading around Rs 160.10. In such a situation, there are signs of further speed in it.
Why do investors trust stock?
Choice said that analysts found that the stall is currently over the support zone of Rs 150. This is a level that suggests that the selling pressure on it has reduced and is being invested afresh. Analysts believe that if it remains above Rs 160 and crosses the resistance level of Rs 166 decisively, it can trade in the range of Rs 186-200 in the coming time. The 52-week high level of IREDA shares is Rs 239.95, while low level is Rs 137.
Stock out of oversold zone
Brokerage said, “The stock is currently trading above its 20-day, 50-day and 100-day moving averages, which shows its strength in the middle term from the short.” The Relative Strength Index (RSI) on the weekly chart has also recovered from the oversold zone to 41.90, indicating further and the possibility of boom. On the basis of all these things, Choice Institutional Equities have advised to buy the stock at Rs 160.10. At the same time, on the decline of Rs 156, it has also been advised to increase it further. After this advice of brokerage, this stock is in the eyes of investors keeping an eye on stocks related to renewable energy.
Company results in June quarter
In the quarter of 2025-26, the company’s net profit fell to Rs 247 crore in the quarter of 2025-26. Whereas in the same quarter period of 2024-25, IREDA earned a profit of Rs 384 crore. However, the company’s operational revenue stood at Rs 1947 crore in the June 2025-26 in the June quarter of Rs 1510 crore in 2024-25.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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