Stock to buy in short term: Choice Broking’s Sumeet Bagadia recommends this PSU stock as his Navratri Pick

Stock to buy: Indian Renewable Energy Development Agency (IREDA)shares traded flat but in the red on Monday. The PSU stock has given 8 per cent returns in the past one month, but has fallen 3.5 per cent in three months and over 30 per cent in one year.

However, analysts believe the IREDA stock is technically poised to see a decent upward momentum. Sumeet Bagadia, Executive Director at Choice Broking, has recommended the IREDA shares as his Navratri Pick.