Yesterday, on 25th April 2025, the IREDA Share Price dropped by nearly 5%. Analysts say that the volatile Indian market, profit booking, investor caution and developments within the company may have led to the decline in shares.
Yesterday, IREDA shares opened to the market at Rs. 175.14, the same as the last session’s close. It recorded a day-high of Rs. 176.43 and a day-low of Rs. 166.35.
IREDA Share Price Performance On 25th April
At 15:59, when the market closed, IREDA’s share price stood at Rs. 167.55. It was nearly 4.33% lower than its previous close. According to the reports and estimates on Money Control, the market capitalisation was 45,033 cores; the UC Limit was 192.65, and the LC Limit was 157.62.
Q4 Financials
The fourth quarter results showed that IREDA’s profit after taxes was Rs. 502 crore. This represents an astounding 49% YoY gain of more than Rs. 337 crore over the previous year’s 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. IREDA’s operating profit rose to Rs. 770 crore, a 55% rise from the prior year. At Rs. 10,266 crore, the company’s net worth grew by 20%.
Recent News About IREDA
- On 25th April, IREDA filed a suit against Gensol with the Economic Offences Wing.
- According to reports, the Jaggi brothers, Anmol Singh Jaggi and Puneet Singh Jaggi, connected to the Gensol Group, have been the subject of a complaint.
- According to the complaint, Gensol allegedly submitted false documentation to get loans, which subsequently became non-performing assets (NPAs).
- The complaint suggests that there were significant irregularities in the way the loans were acquired or handled by Gensol. This solar EPC business had previously obtained credit facilities from IREDA.
- The EOW is looking into the situation right now.
IREDA Share Price Target
According to experts’ calculations on Trendlyne, Indian Renewable Energy Development Agency Ltd. has an average target of 238. The consensus estimate represents an upside of 42.05% from the last price of 167.55.
Should You Buy, Sell, Or Hold?
Most analysts on Trendlyne recommended buying the shares. On MoneyControl, 67% of experts suggested buying and 33% supported holding. Before investing in IREDA, consider its long-term performance and consult your analyst to make the perfect move.
