New Delhi, Feb. 28 -- Shares of Indian Renewable Energy Development Agency (IREDA) tumbled over 8 percent in intra-day trade on Friday, February 28, as the stock began trading in the Futures & Options (F&O) segment with the start of the March series. This decline follows a 4 percent drop in the previous session, bringing the stock's total fall to 25 percent in February-its steepest monthly decline since listing in December 2023.

IREDA shares hit a day's low of Rs.151.55 on Friday, marking a sharp 8.5 percent decline. The stock has now fallen more than 51 percent from its post-listing high of Rs.310, reached on July 15, 2024. Despite this correction, IREDA has still gained 11.5 percent over the past year.

After debuting at an IPO price o...