Archive · 20 Sep 2025
IREDA Stock Recommended as Navratri Investment by Choice Broking
A brokerage firm, Choice Institutional Equities, suggests buying shares of IREDA, a company involved in renewable energy, as a good investment.
They see a positive trend in the stock's performance, indicating it could go up in value.
They suggest buying at the current price and potentially at a slightly lower price if it drops.
They believe the stock could increase by up to 25%, reaching a specific price range.
This recommendation is based on the stock's recent activity and technical indicators.
Choice Broking recommends IREDA as a top stock pick for Navratri.
The stock is trading around Rs 160.10 and has broken out of a consolidation phase.
Analysts expect the stock to move towards Rs 186–Rs 200 in the near term.
The recommendation is to initiate a ‘Buy’ at Rs 160.10 and accumulate on dips towards Rs 156.
The brokerage highlights the stock's positive technical signals.
- Who
- Choice Institutional Equities
- What
- Recommended IREDA stock as a 'Buy'
- When
- During Navratri for 2025
- Where
- N/A
- Why
- Due to strong technical setup and bullish momentum.
- Stock
- IREDA (Indian Renewable Energy Development Agency)
- Recommendation
- Buy
- Target Price Zone
- Rs 186–Rs 200
- Potential Upside
- Up to 25%
- Current Trading Price
- Rs 160.10
- Support Level
- Rs 150
- Resistance Level
- Rs 166