IREDA Stock Halved: Expert Warns of Rs 100 Price Drop, Advises Immediate Sale

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IREDA Shares Halved: Expert Warns of Rs 100 Drop, Advises Immediate Sell

IREDA Shares Halved: Expert Warns of Rs 100 Drop, Advises Immediate Sell

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CNBC Awaaz•16-03-2026, 12:10

IREDA Shares Halved: Expert Warns of Rs 100 Drop, Advises Immediate Sell

•Government green energy company IREDA's shares have fallen by almost half, trading below Rs 115, raising investor concerns.
•Technical expert Prakash Gaba warns of a weak setup and potential drop to Rs 100 if the crucial Rs 110 level breaks.
•Gaba advises investors to sell IREDA shares on any rally, indicating no significant buying signals currently.
•Despite the sharp decline, some investors retain confidence in IREDA due to its significant role in green energy financing.
•The Rs 110 level is critical; a break below it could accelerate the stock's downward trend.

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