In the past one month, the BSE 500 index has underperformed the market by falling nearly 1 per cent, as compared to 1.3 per cent rise in the BSE Sensex.
Indian Renewable Energy Development Agency shares rose over 3 per cent after it reported a 42 per cent jump in its profit for the second quarter of the financial year 2026
The buying on the counter came after the company released its September quarter (Q2FY26) business update
In FY25, Ireda achieved a revenue from operations of ₹6,743.32 crore, exceeding its earlier target of ₹5,957 crore, the company said in a company statement
Broader markets were also trading in red. The Nifty Midcap 100 was trading at 58,749, down by 0.69 per cent.
Ireda shares declined today following a disappointing financial performance in the June quarter (Q1FY26).
Stocks to Watch today, July 11, 2025: TCS, IREDA, Glenmark Pharmaceuticals, HUL and Tata Steel are some of the top stocks to watch today
Revenue from operations rose 29 per cent YoY to ₹1,947.60 crore in Q1FY26 from ₹1,510.27 crore in Q1FY25
The Indian Renewable Energy Development Agency (IREDA) logged 29 per cent growth in loan sanctions to Rs 11,740 crore in June quarter as compared to Rs 9,136 crore a year ago. The state-owned agency started the financial year on a high note, registering a rise in its key financial indicators in June quarter, based on provisional data, a statement said. Loan disbursements rose 31 per cent to Rs 6,981 crore from Rs 5,326 crore in Q1 FY25. The company's outstanding loan book was at Rs 79,960 crore as on June 30, 2025, reflecting 27 per cent increase over Rs 63,207 crore in the year-ago period. Our first quarter growth underscores IREDA's crucial role in powering India's renewable energy ecosystem. The numbers reflect both increasing demand and our readiness to respond with effective financing solutions, CMD Pradip Kumar Das said.
Stocks to Watch Today, July 1: Auto, Kalpataru, Globe Civil Projects, Ellenbarrie Industrial Gases, Bharat Forge, KSB, Apollo Hospitals, Federal Bank, CG Power are some of the top stocks to watch