On 17th April 2025, the Indian Renewable Energy Development Agency or IREDA Share Price experienced a steady decline of almost 2% following the F&O ban by NSE. IREDA was added to the list on Thursday, 17th April, when its F&O contracts reached 104.7% of the MWPL (Market Wide Position Limit, the maximum derivative contracts allowed for the company).
IREDA will exit the ban once the open interest reaches 80% or below the MWPL. During this period, if traders are found initiating new positions in the F&O segment for these stocks, they will be penalised. However, IREDA will be available for trading in the cash market.
IREDA Share Price Performance On 17th April
On 17th April, IREDA’s shares opened to the market at Rs. 175.00 and recorded a day-high of Rs. 175.40 and a day-low of Rs. 172.55. At 15:59, when the market closed, IREDA’s share price stood at Rs. 173.41. It was nearly 1.34% lower than its previous close. According to the reports and estimates on Money Control, the market capitalisation was 46,608 cores; the UC Limit was 194.02, and the LC Limit was 158.75.
Company Financials
IREDA published its Q4 financial results on 15th April. The results show that IREDA’s profit after taxes was Rs. 502 crore. Demonstrating an astounding 49% year-over-year (YoY) rise over the Rs. 337 crore from the previous fourth quarter. Its operating revenue increased 37% to Rs. 1,904 crore, while its profit before taxes was Rs. 630 crore, a 31% YoY rise. The study claims that IREDA’s operating profit rose to Rs. 770 crore, a 55% rise from the prior year. The net worth of the company grew by 20% to Rs. 10,266 crore.
Recent News About IREDA
- IREDA shares surged by 28% over the past month, closing at Rs. 168.20 on 15th April 2025.
- IREDA reported a 28% YOY rise in the company’s outstanding balance in the fourth quarter, reaching Rs. 76,282 crore.
- A borrowing program extension for FY 2024–25 was approved by the IREDA board in early March, increasing the maximum from Rs. 24,200 crore to Rs. 29,200 crore by Rs. 5,000 crore.
- Various strategies, including corporate bonds and bank and foreign agency loans, will be used to raise this additional money.
IREDA Share Price Target
Trendlyne reported that the Indian Renewable Energy Development Agency Ltd. has an average target of 238. The consensus estimate represents an upside of 37.25% from the last price of 173.41
Should You Buy, Sell, Or Hold?
Most analysts on Trendlyne supported buying the shares. On MoneyControl, 67% of market experts recommended buying, and 33% suggested holding. Before investing in IREDA, consider its long-term performance and consult your analyst to make the perfect move.
