IREDA share rose after getting ‘Navratna’ status, stock up 3x from listing price

IREDA, incorporated as an NBFC, is engaged in promoting, developing, and extending financial assistance for setting up projects relating to new and renewable sources of energy. The company was listed on bourses in November last year, and since then, the stock has been an outlier, giving more than 3x returns from the listing price in less than a year.