Defence ministry’s ₹70,000 crore approval for Project 17B warships boosts MDL’s Kalvari class submarines, Project 15B destroyers, and GRSE’s patrol vessels and exports. MDL and GRSE, constructing Nilgiri class under Project 17A, will split the order for quicker delivery. Stealth frigates feature Brahmos missiles, anti-submarine weapons, and indigenous electronic warfare systems
On the most recent trading day, IREDA’s shares finished at ₹289.80, having opened at ₹288.15. ₹288.15 was the day’s high, and ₹270.15 was its low. There are currently 73,174.39 crore shares on the market, with a 52-week high of ₹310 and a low of ₹49.99. The number of shares traded on the BSE for the day was 15,747,091.
IREDA’s trading volume is down 35.28% from yesterday until 10 AM, and the price is currently down 4.92% at ₹258.85. A crucial metric for trend analysis is volume traded in conjunction with price. A positive price trend accompanied by higher volume suggests a long-term upward tendency, while a negative price trend accompanied by higher volume may foreshadow future price reductions.
Domestic financial markets — capital as well as the money markets — will remain closed today for Muharram. Trading in the equity, derivatives, securities lending and borrowing (SLB), and currency derivative segments on stock exchanges BSE and NSE, as well as in the forex market, will resume on Thursday, July 18.