IREDA shares trading below their lowest price target; what next for the PSU?

On the charts, IREDA is now in “oversold” territory, as its Relative Strength Index (RSI) is now at 27. An RSI reading below 30 indicates that the stock is “oversold.”

On the charts, IREDA is now in “oversold” territory, as its Relative Strength Index (RSI) is now at 27. An RSI reading below 30 indicates that the stock is “oversold.”

As per this agreement, IHCL will manage Praveg Ltd’s luxurious property, Praveg Atoll, which is situated on Bangaram Island in Lakshadweep.

The IPO involves a combination of a fresh issuance of ₹392 crore and an Offer For Sale (OFS) of 28.57 lakh shares by the promoter and an investor shareholder, according to the Draft Red Herring Prospectus (DRHP).

BSE shares are down nearly 30% from their peak of ₹6,133 and the revised price target from Goldman Sachs implies a potential upside of close to 11%.

L&T shares snapped their four-day losing streak on Monday, February 3, and gained 2% intraday. However, the stock later pared gains. The company said its power transmission and distribution vertical won orders in the ₹2,500 crore to ₹5,000 crore range…

The 22-carat gold rate stood at ₹79,400 per 10 grams, while 24-carat gold was priced at ₹86,620 per 10 grams. The 18-carat gold rate also held steady at ₹64,970 per 10 grams, according to GoodReturns data.

Glenmark Pharma Share Price | This new product will be available in the strength of 6 gm/30 mL (200 mg/mL) single-dose vials in the US market, marking an expansion of Glenmark’s injectable portfolio.

In an exclusive interaction on CNBC-TV18 on Monday, March 3, Raamdeo Agrawal mentioned that the market is seeing a healthy correction after four years of relentless outperformance.

According to Kumar Rakesh, India Analyst at BNP Paribas, the two-wheeler market is struggling due to financing issues.

It’s the second round of layoffs in under five months as the Bhavish Aggarwal-led company, which just listed last August, battles crises on several