Jatin Kumar Nayak takes charge as Ireda chairman and managing director
Indian Renewable Energy left its position unchanged in an energy transition development.
· BS Companies
Jatin Kumar Nayak has assumed charge as the Chairman & Managing Director of Indian Renewable Energy Development Agency (IREDA), a company statement said. Prior to this appointment, Nayak held the position of Executive Director (Finance) at REC Ltd. Nayak has over three decades of rich and diverse experience, the statement said.
The analysis
Against that, the stock is -1.7% on the day at ₹99.50, and has returned -17.0% over three months. It sits 35% below its 52-week high, which means a good deal of bad news was already in the price. The financial services sector has moved -14.9% over the same period, so Indian Renewable Energy is running 2.1 points behind its peers.
For Indian Renewable Energy, the question is how much of this is already reflected in the price and how much re-rates the financial services peer set alongside it.
Why it matters
- The shift to renewables is redrawing which energy names are structural winners versus stranded.
Market context
- The 4 companies named span 2 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 0 of 4 are higher: Indian Renewable Energy leads at -1.7% and REC trails at -3.6%.
- Over three months: Indian Renewable Energy -17.0% against Financial Services -14.9% (2.1 points behind); REC -23.8% against Financial Services -14.9% (8.9 points behind); Hindustan Copper -16.5% against Metals & Mining -9.5% (7.0 points behind); National Aluminium -9.5% against Metals & Mining -9.5% (0.0 points behind).
- At least 25% below the 52-week high: Indian Renewable Energy (35%), REC (26%), Hindustan Copper (47%) and National Aluminium (29%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Indian Renewable EnergyIREDA · Financial Services | ₹99.50 | -1.7% | -10.9% | -17.0% | -35.3% | 0.6× | — |
| RECRECLTD · Financial Services | ₹285.60 | -3.6% | -4.5% | -23.8% | -25.9% | 0.6× | — |
| Hindustan CopperHINDCOPPER · Metals & Mining | ₹400.85 | -2.8% | -15.2% | -16.5% | -47.3% | 0.9× | — |
| National AluminiumNATIONALUM · Metals & Mining | ₹314.55 | -2.8% | -7.7% | -9.5% | -28.8% | 0.7× | — |
Financial Services
1M -8.8% · 3M -14.9%
Indian Renewable Energy, REC
Metals & Mining
1M -9.3% · 3M -9.5%
Hindustan Copper, National Aluminium
Power
1M -6.9% · 3M -13.2%
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Q2 results impact: 2 Vedanta stocks rally up to 14% after Sept quarter earnings. How have they performed since demerger?
Flying high! Vedanta Oil and Gas, Vedanta Power, Vedanta Iron & Steel: Why Vedanta shares jumped up to 13.5%?
Stocks To Watch Today: IndiGo, Suzlon Energy, Trent, Coal India, Meesho Among Others
Vedanta’s metals and oil businesses post strong Q2, steel and power lag
A green giant’s pollution woes: How Waaree Energies dumped toxic effluents in a Gujarat village