Indian Renewable Energy Developmen Agency or IREDA Shares are in news recently. This is because there is a 23% decline in share price in only past month. Once reaching 52-week high share is currently trading at lower price. Is it good time to invest? Let’s find out what experts and analysts are saying about this.
IREDA Share Price in Today’s Market
As of today, 14th March 2025, IREDA Shares are trading at Rs 139.85, This is already down by 1% from the previous day closing price. The current UC Limit for the shares are Rs 155.38 and LC limit is at Rs 127.13. Total market capitalization stands around Rs 37588 Cr.
Company Financials
IREDA or Indian Renewable Energy Development Agency has been in news after RBI’s rejection of its equity investment proposal for Upper Karnali Hydroelectric Project in Nepal. Although the company has planning to reapply. On the other hand IREDA’s entry to Futures & Options space has mixed reviews.
IREDA Share Target Price
As per analyst predictions IREDA shares could reach Rs 192.74 to Rs 485. ICICI Direct suggests target price of Rs 250 by the end of this year. Some other suggests it could reach a median target or Rs 215.
Recommendations on Buy or Sell?
Looking at current market conditions and scope for growth in renewable energy segment some analyst think IREDA can become a good long term investment. On moneycontrol website 50% of the analyst say Buy and other 50% says Sell.
All the information given above are for informational purposes only. Investors are advised to consult their certified expert or analyst before making any investment related decision.
