Indian Renewable Energy Development Agency falls after block deals

Indian Renewable Energy Development Agency

15/04/2024 08:07

** Shares of Indian Renewable Energy Development Agency
 INAR.NS  fall as much as 8.3% to 153.25 rupees
    ** About 1.2 mln shares change hands in three block deals,
at a price range of 156.95-160.30 rupees - LSEG
    ** Block deals at a discount of 4.1%-6.1% to stock's last
close
    ** INAR lost 9.4% in March, for a second straight month of
losses
    ** Trading volumes at 35.9 mln shares, 1.2x the 30-day avg 
    ** Stock has more than doubled so far since listing in Nov
2023


 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))