Indian Renewable Energy Development Agency or IREDA Share is constantly on the watchlist of traders and investors. The company has played a significant role in India’s renewable energy sector with wind, hydroelectric, and other renewable energy resources.
IREDA Share Price in Today’s Market
Currently, IREDA Share prices are trading for Rs 163.84. On 17th February IREDA Shares opened at Rs 164.89 which is 0.63% lower than the last closing price. The current Market Cap for the company is around Rs 44,052 Crore. Should you buy this share today to get a good profit? Let’s check financials and see what analysts have to say.
Company Financials
The company has recently published its financials which show strong foundation. In the first quarter of 2024-25 the company has managed to make a net profit of Rs 384 Crores. Which is 30% growth from last year’s Rs 295 Crore. Not only this revenue from operations has increased as well. The worth of the company has increased to Rs 9,110 Crore which shows strong growth potential.
Recent News on IREDA Shares
In the last month, IREDA has been underperforming. On 14th February the stock price fell by 5.03% from the closing price on 13th Feb. The board has decided to raise a Rs 5000 Crore fund via QIP.
IREDA Share Price Target
According to Consensus analysts, the median target price is set at Rs 215. This is 21.81% higher than the current price. If it crosses then next target will be at Rs 280. Also, investors should put a stop loss at Rs 150 for safety.
Recommendation on Buy, Hold, or Sell?
So, here’s the final question should I Buy this share? S&P Global Market Intelligence surveys indicate 50% want to sell out and the rest 50% want to hold the money. But before putting any money in shares users need to check the offer then only you are responsible for the stocks you buy.
