Shares of state owned Navratna company Indian Renewable Energy Development Agency (IREDA) extended their winning streak to a seventh consecutive session on Monday, November 9, rising as much as 8% during intraday trade on the NSE .

The stock gained 7.63% to hit an intraday high of Rs 119.83 per share, compared with its previous close of Rs 111.33 on the NSE. With Monday's advance, IREDA shares have surged around 20.43% over the seven-session winning run.

The PSU stock has also rebounded 21.31% from its 52-week low of Rs 98.78, touched on October 26, 2026. However, it continues to trade around 22% below its 52-week high of Rs 153.48, recorded on November 12, 2025.

At around 2:42 PM on Monday, IREDA shares were trading at Rs 119.78 apiece on the NSE, up 7.59% from the previous close. A combined volume of nearly 41 million shares, estimated to be worth around Rs 493 crore, had changed hands on the NSE and BSE during the session.

Earlier, on November 6, IREDA informed the stock exchanges that Padam Lal Negi, Joint Secretary and Financial Adviser (JS&FA) at the Ministry of New and Renewable Energy (MNRE), had ceased to be the Government Nominee Director on the company's board with effect from November 6, 2026.

The company disclosed the development pursuant to an MNRE order dated November 6, 2026.

IREDA reported its second-quarter results on October 19, posting a 1% year-on-year increase in standalone profit after tax (PAT) to Rs 554 crore, compared with Rs 549 crore in the corresponding quarter last year.

The company's revenue from operations rose 14% year-on-year to Rs 2,345 crore from Rs 2,057 crore.

Loan disbursements increased 31% to Rs 10,579 crore, compared with Rs 8,062 crore in the year-ago period, while the loan book expanded 15% to Rs 97,411 crore from Rs 84,477 crore.

IREDA's net worth stood at Rs 14,337 crore, up 11% from Rs 12,920 crore a year earlier. Asset quality also improved, with net non-performing assets (NPAs) declining to 1.08% from 1.97%, a reduction of around 45%.

Commenting on the performance, then Chairman and Managing Director Dr Bijay Kumar Mohanty said the second-quarter performance reflected the company's business fundamentals and focus on quality growth.

He highlighted the 31% increase in loan disbursements and 15% growth in the loan book, citing sustained demand for renewable energy financing across the country. He also pointed to the improvement in asset quality, with net NPAs declining to 1.08% from 1.97%, which he attributed to the company's risk management framework and monitoring.

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