GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Indian Renewable Energy Development Agency (IREDA) will be in focus on Wednesday after the company reported a 49% year-on-year (YoY) rise in its consolidated net profit for the March quarter to Rs 502 crore, compared to Rs 337 crore in the same period last year. The total revenue from operations in Q4FY25 stood at Rs 1,905 crore which was up 37% over Rs 1,391 crore reported in the corresponding quarter of the last financial year. On a sequential basis, the profit after tax (PAT) surged 18% against Rs 425 crore posted by the NBFC in Q3FY25. The bottomline was up 12% on the quarter-on-quarter basis versus Rs 1,698 crore in the October-December quarter of FY25. The earnings were announced after market hours and IREDA shares today closed with 9% gains on the NSE at Rs 168.16 apiece. The company earned Rs 1,862 crore as interest income in the January-March quarter versus Rs 1,329 crore in the year ago period. In the previous quarter,...

[hfe_template id='11223'] [ad_1] The shares of the Indian Renewable Energy Development Agency (IREDA) jumped 4% to their day’s high of Rs 176.80 on the BSE on March 25, ahead of the company’s board meeting, which is scheduled later today to consider matters related to its borrowing plan for FY 2025-26. “In compliance with Regulation 29 & 50(1) of SEBI (Listing and Disclosure Requirements) Regulations 2015, this is to inform that the Board meeting of Indian Renewable Energy Development Agency Limited will be held on Tuesday, March 25, 2025, inter alia, to consider the matter regarding the Borrowing Plan for FY 2025-26,” the company had said in a previous filing to the stock exchanges. Earlier last week, the company also approved a Rs 5,000 crore enhancement to the borrowing program for FY 2024-25, to which the stock had reacted positively. According to the official statement, the additional borrowing will be secured through a range of instruments, including taxable bo...

[hfe_template id='11223'] [ad_1] Midcap stocks got hammered through February falling by as much as 30% as investors scurried to book profits or cut losses. The low-key sentiments on D-Street were on account of both the global and local factors. While Donald Trump's threats on reciprocal tariffs and fears of US economic slowdown weighed on the markets, nearly a third of the midcaps missing their Q3FY25 estimates and valuations were among local factors that pulled the pack. The BSE Midcap index fell by 4,500 points or 10% in February and this week's decline was more prominent as the 132-stock index plunged 4.4% or nearly 1,800 points. In this, 123 stocks ended the month in the red while just 9 stocks managed a positive closing. Ten socks that fell the most in February are Rail Vikas Nigam (RVNL), Tube Investments of India, Gujarat Gas, Indian Renewable Energy Development Agency (IREDA), Relaxo Footwears, Delhivery, The New India Assurance Company, Mphasis, Escorts ...

[hfe_template id='11223'] [ad_1] Synopsis From another China stimulus, to the US Fed’s actions, to the US elections. The coming days will be dominated by global news flows. Add to this mix the Q2 results season – with numbers mostly below the street's expectations. So the market might see movements it is not prepared for. Given this scenario, if you are seeking to increase exposure, look for stocks where the business operating matrix is showing improvement. They tend to weather any storm better. Our selected stocks this week depict a strong upward trajectory in their overall average score which is based on five key pillars – earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. When everything on the street is good and green, there is a case to be selective and cautious. When everything on the street is bad and red, there is a case to be selecti...

[hfe_template id='11223'] [ad_1] Shares of Indian Renewable Energy Development Agency (IREDA) jumped nearly 9% to Rs 259.3 in Thursday's trade on the BSE, as the company's board is expected to consider a proposal to raise Rs 4,500 crore in one or more tranches through a follow-on public offer (FPO) or other modes during its meeting on August 29. In its filing to the exchanges post-market hours on Wednesday, IREDA informed about its fundraising plan via FPO or other routes — qualified institutional placement (QIP), rights issue, or preferential issue. It could also be a combination of these, the filing said. At 10:09 am, the stock was trading 6.8% higher at Rs 255 on BSE. The stock was listed on November 29, 2023, and has jumped by a whopping 700% versus the issue price of Rs 32. IREDA reported a net profit of Rs 384 crore for the quarter ended June 30, 2024 — a 30% uptick over Rs 295 crore reported in the year-ago period. The revenue from operations stood at Rs 1...