neutral
Recently
IREDA earnings strength overshadowed by broader market pressure
IREDA posted strong Q3 profit growth, but its stock declined as weak market sentiment and foreign selling overshadowed the earnings performance.
Indian Renewable Energy Development Agency reported strong Q3 FY26 results, with net profit rising 38% year on year to Rs 585 crore and revenue increasing 25% to Rs 2,130 crore. The company also indicated sequential improvement in asset quality. Despite the solid performance, IREDA shares declined 2.89% following the announcement, reflecting weak overall market sentiment and continued foreign institutional investor selling across financial and energy related stocks.