On the last trading day 11th April, IREDA Share Price began at Rs. 156.50, and the prices went up by 1% compared to the last close on Thursday, at Rs 151.62. Analysts believe the increase in Retail Shareholding to 20.25% from 19.95% reflects growing interest from individual investors. Ahead of its Q4 announcement, IREDA stated that its loan sanctions increased by 27% yearly to Rs. 47,453 crore between January and March 2025. These factors potentially contributed to increased demand for the stock.
IREDA Share Price On 11th April
At 15:59, when the market closed on 11th April, IREDA traded its shares for Rs. 154.20, nearly 1% higher than its previous close (Thursday’s close). According to the reports and estimates on Money Control, the current market capitalization showed 41,445 cores; the UC Limit is 166.78, and the LC Limit is 136.45.
Company Financials
In the third quarter of FY 2024-25, IREDA showed a 35.57% growth in operating revenues. It reported Rs. 1,698.99 crores against the 335.54 crores of the last year. A 26.8% increase in profit after tax was recorded at Rs. 425.37 crores. The company’s net value increased by 20.99% compared to last year’s third quarter.
Recent News About IREDA
- The board will convene on 15th April to review and approve the audited results for the fourth quarter, which concluded on 31st March 2025.
- The State Bank of India, Tokyo, granted IREDA an External Commercial Borrowing (ECB) credit in March for JPY 26 billion, roughly Rs. 1,500 crore. This increases the sources of income for IREDA.
- By issuing Tier-II bonds in late March, IREDA raised Rs. 910.37 crore, increasing its ability to fund further projects.
IREDA Share Price Target
Based on the latest reports from Trendlyne, Indian Renewable Energy Development Agency Ltd. has an average target of 238. The consensus estimate represents an upside of 54.35% from the last price of 154.20.
Should You Buy, Sell, Or Hold?
Most analysts in Trendlyne strongly supported buying the shares. On MoneyControl, 67% of market experts suggested buying, and 33% recommended selling the shares. Before investing in IREDA, consider its long-term performance and consult your analyst to make the perfect move.
