As of 9:50 AM on October 5, 2024, the share price of Indian Renewable Energy Development Agency Ltd (IREDA) is ₹222, reflecting a decrease of 0.74%. This analysis dives into the implications of this price movement and offers insights for investors considering their strategies in the current market climate.
Today’s Market Overview
| Attribute | Value |
|---|---|
| Open | ₹224.29 |
| Previous Close | ₹223.32 |
| Volume | 6,733,533 |
| Value (Lacs) | ₹14,925.55 |
| VWAP | ₹222.78 |
| Market Cap (Rs. Cr.) | ₹59,576 |
| High | ₹226.69 |
| Low | ₹218.00 |
| Upper Circuit Limit | ₹267.98 |
| Lower Circuit Limit | ₹178.65 |
| 52-Week High | ₹310.00 |
| 52-Week Low | ₹32.00 |
| Face Value | ₹10 |
Company Overview
| Metric | Value | Metric | Value |
|---|---|---|---|
| Market Cap | ₹59,576 Cr. | P/E | 47.58 |
| Enterprise Value | ₹59,576 Cr. | P/B | 6.66 |
| No. of Shares | 268.78 Cr. | Dividend Yield | 0% |
| Face Value | ₹10 | Book Value (TTM) | ₹33.27 |
| Operating Revenue | ₹4,963.94 Cr. | Promoter Holding | 75% |
| Net Profit | ₹1,252.23 Cr. | EPS (TTM) | ₹4.66 |
| Sales Growth | 42.56% | ROE | 17.28% |
| ROCE | 9.29% | Profit Growth | 44.83% |
Profit & Loss Growth Analysis
| Year | Revenue (₹ Cr.) | Net Profit (₹ Cr.) | Net Profit Growth (%) |
|---|---|---|---|
| Mar 2019 | 2,020 | 250 | – |
| Mar 2020 | 2,368 | 215 | -14.00% |
| Mar 2021 | 2,655 | 346 | 60.00% |
| Mar 2022 | 2,860 | 634 | 83.33% |
| Mar 2023 | 3,483 | 865 | 36.47% |
| Mar 2024 | 4,965 | 1,252 | 44.70% |
| TTM | 5,331 | 1,341 | 7.10% |
Price Movement and Indicators
The recent fluctuations in IREDA’s share price are worth noting. Here are some key indicators that may guide investor decisions:
- Current Price: ₹222
- Recent High: ₹310
- Recent Low: ₹32
- Beta: 1.42 (indicating moderate volatility)
IH Explained: Buy or Sell?
For Intraday Traders:
- Monitor Indicators: Keep an eye on price movements and market sentiment.
- Set Stop-Loss: Consider placing a stop-loss around ₹210 to minimize risks.
- Volume Trends: Watch for volume spikes that may signal potential momentum.
For Long-Term Investors:
- Evaluate Fundamentals: The strong growth in revenue and net profit indicates positive long-term prospects.
- Accumulate Shares: Consider buying on dips, especially if the price approaches ₹200.
For Value Investors:
- Check Valuation: Compare IREDA’s P/E ratio with industry peers to gauge attractiveness.
- Long-Term Growth: Focus on sustained growth trends in operating revenue and profitability.
For Risk-Averse Investors:
- Hold Your Position: If market volatility concerns you, consider maintaining your current holdings until more stable signals emerge.
- Watch for Regulatory Changes: Stay informed about policy changes that may impact IREDA’s operations.
Conclusion
The recent drop in IREDA’s share price invites questions for investors, yet the fundamentals present a compelling case for a balanced approach. While the company’s growth trajectory looks promising, caution is advised in the current market dynamics. Whether you’re a day trader or a long-term investor, carefully assess your investment strategy before taking action.
Disclaimer
This article is provided exclusively by India Hood (indiahood.com) for informational purposes. It does not constitute financial advice. Always consult with a financial advisor before making any investment decisions.
For more updates, visit India Hood (indiahood.com).
