INDIAN RENEWABLE ENERGYPanjang
BUY IREDA
After downside consolidation, stock has show reversal sign and change trend tendency. trader can look forward to buy at current level 196-200rs with TARGET OF 127, 145 AND FOLLOW STOPLOSS OF 175.
Indian budget will present in next month and experts are looking for incremental Government spending which will ultimately beneficial for renewable finance company like IREDA.
Indian budget will present in next month and experts are looking for incremental Government spending which will ultimately beneficial for renewable finance company like IREDA.
Nota
IREDA present Q3 result on 11jan, Net profit up by 27% and loan sanction up by 45% which is showing robust demand in solar installation. one concerning thing is NPA which increase slightly in Q3 which was already factor in price chart.
Penafian
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