Indian Renewable Energy Development Authority Ltd, or IREDA Share Price is in the news recently. The company has released its Q1 financial results as well. Should you buy, hold, or sell these shares? Let’s check the company’s financials, recent news, target price, and recommendations.
IREDA Share Price in The Market Today
As of today, 23rd August, the IREDA Share Price is at Rs 147.48, which is slightly up. Friday, stocks opened at Rs 147.10 and touched a high of Rs 149.20. The UC limit is at Rs 162.00, and the LC limit is at Rs 132.55. The total market share of the company stands around Rs 41430 crores.
Company Financials
The company has released its Q1 financial results for FY26, which show a 27.97% growth in total income. However, Operating Profits were down by 35.01% to Rs 335.72 crores, and Profit After Tax is down by 35.66% to Rs 246.88 Cr. Even the operating margin has fallen down to 17.32%. All these figures are compared on a YoY basis.
Recent News About IREDA
- IREDA had its 38th Annual General Meeting on 8th August. The Chairman and MD gave the roadmap for green energy leadership, expansions into new locations like Green Hydrogen, E-Mobility, and Ethanol.
- The company has launched a Qualified Institutional Placement (QIP) with an aim to raise up to Rs 5,000 crore.
IREDA Share Price Target
IREDA Shares has multiple target prices in the market from different institutions and analysts. FIGW suggested a target price of Rs 220.92 by this year. On the other hand, Geojit Financial Services suggested a target of Rs 196 for these shares. However, Consensus analysts maintain a Rs 173 target price for IREDA Shares.
Recommendation on Buy or Sell
According to the moneycontrol website, 50% of the analysts suggest buying IREDA Shares. The rest 50% suggest holding these shares. On the other hand, Consensus analysts suggest buying these shares.
Disclaimer: All the information shared in this article is for informational purposes only. Any recommendations mentioned are made by individual analysts or experts. India Hood does not recommend Buy or Sell, nor will she be responsible. Investors are strongly advised to consult with certified experts before making any investment decisions.
