Will IREDA go the GameStop way?

Even though the context is different but the IREDA phenomenon seems eerily similar to what happened with Gamestop. Retailers start buying a low float stock enmasse pushing up the stock to X times it's initial value in a very short period. Some folks start booking profits, panic selling starts to maximise profits and the entire stock comes crumbling down to 1/5 th of its peak value in no time.

P.S: Even though I will personally continue to hold it for long term because I bought it at around 50 but seems a very bad bet for short term for folks trying to enter now. Will add major quantities if it comes down to 120ish in the short term.