Indian Renewable Energy Development Agency (IREDA) share price jumped over 7% on Monday, led by robust buying interest, despite weakness in the broader Indian stock market. The PSU stock surged as much as 7.22% to Rs 119.54 apiece on the BSE.The gains in IREDA share price was supported by strong trading volumes. Around 3 crore equity shares of the company changed hands on November 9, significantly higher than its one-week average trading volume of 61 lakh shares and one-month average trading volume of 54 lakh shares.IREDA stock price has gained in eight out of the 10 trading sessions, with the PSU stock rallying 20% during this period.Despite today's rally, IREDA share price is still more than 22% lower than its 52-week high of Rs 153.45 apiece hit on 12 November 2025. The stock touched a 52-week low of Rs 98.80 apiece on 26 October 2026.IREDA is a Navratna PSU which provides financial assistance and other services to projects related to renewable sources of energy and energy efficiency or conservation.IREDA Share Price PerformanceIREDA share price has gained 15% in one month, while it has remained flat in three months. The PSU stock has fallen 11% in six months, while it has declined 14% on a year-to-date (YTD) basis. Over the past one year, IREDA stock price has declined 20%, while it has plunged more than 40% in two years.At 1:30 PM, IREDA share price was trading 6.48% higher at Rs 118.70 apiece on the BSE.ALSO READ: Citi Raises Nifty 50 Target To 28,000; Adds Bajaj Finance To Its Top Picks