IREDA share price plunges over 8% as 3 mutual funds exit in March

IREDA share price plunged over 8% on Monday’s session following the departure of three domestic mutual funds from the state-run corporation in March. A note from Nuvama Alternative & Quantitative Research, citing data from ACE MF, stated that in March, Kotak Mutual Fund, Nippon India Mutual Fund, and ICICI Prudential Mutual Fund exited from the stock.