The Indian Renewable Energy Development Agency Limited or IREDA Share Price is in the news after CMD Pradip Kumar Das participated in a high-level panel discussion with Financing Mechanism for Energy Transition. How will this stock perform in the market? Let’s find out expert opinions and target prices with recommendations on buying or selling.
IREDA Share Price in Today’s Market
As of today, 4th April 2025, IREDA Share Price is at Rs 157.86 which is 2.26% down from the opening. Today, the stock opened at 162.07 and reached a high of Rs 162.59. The current UC limit is at Rs 177.66 and the LC limit is at Rs 145.35. The total market capitalization of the company stands at Rs 42,445 Crore.
Company Financials
IREDA has reported a 36% Year-on-year growth in Revenue which is at Rs 1,698 Crore. Also, net profits of the company for the third quarter is Rs 426 Crore which is a 27% growth in the same period compared to last year. The total amount of loans sanctioned increased by 27% to Rs 47,453 Crore. and disbursement has increased by 20% to Rs 30,168 crore. The total loan book stands at Rs 76250 crore as of March 2025.
Recent News about IREDA
- Recently IREDA’s DAS framework or Discipline of Investors, Attitude of Lenders, and Simplification of Policies have been streamlined for renewable financing.
- The company has planned to boost MSME lending and retail customers through a subsidiary to democratize green financing.
IREDA Share Price Target
According to Consensus, the share price could touch 208.67 by the end of 2025.
Recommendation on Buy or Sell
IREDA Shares are still a good long-term investment as per some analysts, as it’s backed by Government banking, sector expertise, and expansion plans in MSME and Retail sectors. According to the moneycontrol website,e 67% of 3 analysts suggest buying IREDA Shares and 33% suggest selling. On the other hand at Trendlyne, Consensus also suggests Buy.
