PSU stock down 28% from peak ahead of earnings today

IREDA Q3 Results Live: State-run renewable energy financier Indian Renewable Energy Development Agency (IREDA) will be reporting its December quarter results today. The company had already shared its business update with regards to disbursements, sanctions and loan book outstanding during the quarter last week. Shares of IREDA have been one of the most successful listings of the recent 12 months, with shares having surged nearly 10x from its IPO price of ₹32.

IREDA Q3 Results Live: State-run renewable energy financier Indian Renewable Energy Development Agency (IREDA) will be reporting its December quarter results today. The company had already shared its business update with regards to disbursements, sanctions and loan book outstanding during the quarter last week. Shares of IREDA have been one of the most successful listings of the recent 12 months, with shares having surged nearly 10x from its IPO price of ₹32. As of today, the stock has corrected over 25% from those levels and is trading in a range. Apart from the numbers already disclosed, focus will be on IREDA’s asset quality, its margins and if in case it shares any updates on the QIP that the board had approved last year.