Yesterday, on March 22nd 2025, the share prices of the Indian Renewable Energy Development Agency or IREDA Share Price recorded a 15% rise from its 52-week low of Rs. 139. Earlier this week, IREDA experienced a slow and slight increase in opening rates and fluctuations in its trade volumes. The growth persisted when IREDA announced issuing its perpetual bonds worth Rs 1,247 crore at an annual coupon rate of 8.40 percent. The issuance aims to optimize the company’s capital structure and leverage favorable market conditions.
IREDA expects that the issuance of bonds will strengthen IREDA’s Tier-I capital and extend financial support to expand India’s renewable energy infrastructures. On March 21st, IREDA’s shares opened to the market at Rs. 149.96 and reached a day-high of 156.67, almost 4.5% up compared to the opening bell and a 15% hike from the 52-week low of Rs. 132.20.
IREDA Share Price At Closing On 21st
At 3:59 p.m., when the market closed, IREDA was trading at Rs. 154.82. It is nearly 3.9% higher than its opening and previous close rates. According to the reports and estimates on Money Control, the market capitalization recorded 41,611 cores; the UC Limit was 164.95, and the LC Limit was 134.96.
Company Financials
IREDA’s third-quarter financial statements recorded the following:
- Revenue from Operations recorded a 35.57% surge, reaching Rs. 1,698.99 crores, compared to Rs. 1,253.20 crores in the Q3 of the previous year.
- Profit After Tax grew by 26.8% to Rs. 425.37 crore, against the Rs. 335.54 crore in Q3 of the last year.
- A 20.99% growth in the company’s net worth was disclosed. Rs. 9,842.07 crore, compared to Rs. 8,134.56 crore in the last third quarter.
Recent News About IREDA
- On March 11th, IREDA’s Board of Directors decided to enhance the company’s borrowing plan and approved borrowing Rs. 5000 crores through multiple channels.
- In March 2025, IREDA launched its perpetual bonds, raising Rs. 1,247 crores at an annual coupon rate of 8.40%
IREDA Share Price Target
On March 21st, Trendlyne’s analysts predicted that the Indian Renewable Energy Development Agency Ltd. has an average target of 280. The consensus calculations represented an upside of 80.86% from the last price of 154.82
Recommendation on Buy, Sell, Or Hold?
Most analysts and market experts supported selling and holding the shares. Before investing in IREDA, consider its long-term performance and consult your analyst to make the perfect move.
