Today, March 1st, 2025, the Indian Renewable Energy Development Agency or IREDA Share price is down by 7%. IREDA’s inclusion in the Futures & Options (F&O) segment, effective from the March series, may have contributed to the drop.
IREDA Share prices opened at Rs 161.00. Today’s opening was lower than the previous close on February 28th- 166.51. Should you buy, sell, or hold your shares regardless of the agency’s steps? Let’s see what experts say.
IREDA Share Price in Today’s Market
As of 10 p.m. today, the share price stands at 156.02, which is approximately 3.1% lower than the opening rate and almost 7% lower than its previous close. The current market capitalization of IREDA is 41,934 crores. According to Money Control, the UC Limit is 174.84, and the LC Limit is 141.52.
On July 15th, 2024, IREDA’s stock reached its record high of ₹310. Now, the number has fallen by more than 51%, striking out the gains made in 2024.
Company Financials
The Quarter 3 Financial Report (FY 2024-25) of IREDA was released on January 9th. As of February 25th, the Sector P/E stands at 12.69. The agency has reported a return of 244%, and yet the share price has declined by approximately 44.5% from its 52 52-week high of 310.00.
For the first nine months of fiscal year 2024-25, IREDA reported a PAT (Profi After Tax) of ₹1,197 crore, indicating a 31% year-on-year increase. IREDA has emerged as the only company that published its quarterly audited financials within a short frame of nine days.
Recent News about IREDA
- The company has announced its plans to raise 5000 crores in QIP.
- On 24th February, 2025, IREDA announced that its wholly-owned subsidiary was registered as a finance company at Gujarat International Finance Tec-City.
- On 17th January , 2025, IREDA, SJVN, GMR, and Nepal Electricity Authority confirmed a partnership to develop the 900 MW Upper Karnali Hydropower Project in Nepal.
IREDA Share Price Target
Here are the trends among analysts and experts regarding IREDA’s share price targets. As of today, IREDA is trading at Rs. 156.02 per share. Analyst consensus suspects a median 12-month price target of ₹215.
Should You Buy, Sell or Hold?
Analysts and experts on Money Control are divided between buying and selling. 50% support buying, and 50% suggest selling. Analysts of Trendlyne, however, are divided between holding and buying.
Before deciding as an investor, factor in IREDA’S long-term performance and consult with your analyst.
