Dont know what is fueling the price of IREDA… IREDA @ PE 53 vs REC @ 9.5.
With all positive news in favour of REC in last 1 month, specially leading roof top solar, I would not be amused if REC goes 3.5x in next 1 year and reach PE of 30.
I think if REC changes the Rural to Renewable in its name, this only will trigger REC to double up 
Disclaimer – Invested since 3 years.
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