Indian Renewable Energy Development Agency Ltd, or IREDA Share Price is in the news today. Is it the right time to buy, hold, or sell IREDA Shares? Let’s check the company’s financials, recent news, target prices, and recommendations.
IREDA Share Price in The Market Today
As of today, the IREDA Share price is at Rs 145.16. That is 0.80% up since the market opening, and touched a high of Rs 145.50. The current UC limit is at Rs 158.41 and the LC limit is at Rs 129.60. The total market capitalization of the company stands around Rs 40,804 crores.
Company Financials
Indian Renewable Energy Development Agency or IREDA, has already released its Q1 financial results. It shows a 27.97% growth in total income. But operating profit fell by 35.01% to Rs 335.72 crores, and profit after tax was down by 35.66% to Rs 246.88 cr. Operating margins also fell by 49.22%.
Recent News About IREDA
- IREDA signed a performance-based MoU with the Ministry of New and Renewable Energy, setting a revenue from operations target of Rs 8200 crore for FY25-26.
- Senior management changes were also announced. Shri Sushant Kumar Dey was appointed as Executive Director of Projects, and Shri Surendra Kumar Sharma was appointed as the Executive Director of Technical Services.
IREDA Share Target Price
Being one of the most popular stocks at the Indian Stock Market, IREDA Shares have multiple target price available from analysts and institutions. However, Consensus suggested a target price of Rs 173 in the short term.
Recommendation on Buy or Sell
According to the moneycontrol website, 50% of the analysts suggest buying IREDA Shares. The remaining 50% suggest selling. On the other hand, the Consensus analyst suggests buying these shares on the trendlyne platform.
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.
