IREDA QIP: Floor price fixed; stock slips 2%

QIP Floor Price: Shares of Indian Renewable Energy Development Agency (IREDA ) today fell as much as 2 per cent after the company announced qualified institutional placement (QIP ). IREDA shares opened in the red at Rs 174 on NSE versus the previous close of Rs 176.44. The PSU stock extended the opening loss and made an intraday low of Rs 172.51. At 1 PM, IREDA shares traded 1 per cent lower at Rs 174.75 with 1.32 crore equities changing hands. The counter is trading higher than 5-day, 20-day, 50-day and 100-day moving averages but lower than 200-day moving averages.