RE

The stock may still have upward momentum as it met its target with a gap up and showed strength with back-to-back 'hammer' like candles, closing at the upper circuit. The speaker suggests there is 'still some air' and 'strength' in the stock, and calculating the next target is difficult as it is in the 'Blue Sky Zone'.

IREDA is positioning itself to benefit from the renewable energy sector. The MD stated plans to create a separate subsidiary to focus on retail lending for renewable energy projects, indicating a strategic move to capture a new market segment.

The Pradhanmantri Surya Yojana aims to equip 1 crore homes with solar rooftops, requiring an investment of 1.25 to 1.5 trillion rupees. This could benefit banks, NBFCs providing loans, and potentially solar panel companies, although most large solar panel players are currently unlisted.