IREDA Shares Up 166% From IPO Price. Time To Book Profits?

Shares of Indian Renewable Energy Development Agency (IREDA) have delivered 156% returns in eight sessions compared to the IPO issue price of Rs 32. IREDA shares hit an intraday high of Rs 81.90 on BSE today, a 155.93% gain to the IPO price. On an intraday basis, share price of IREDA rose 15.59% in early deals. The firm saw 149.36 lakh shares changing hands amounting to a high turnover of Rs 117.01 crore on BSE. Market cap of the firm rose to Rs 22,493.90 crore.