IREDA Share Price Falls 3%, Should You Buy or Sell? Check Recommendations

Indian Renewable Energy Development Agency or IREDA Share Price is in the news as it has fallen by 3% after opening today. What is are recent news, company financials, and what experts are suggesting? Let’s find out.

IREDA Share Price in Today’s Market

As of today, 6th April 10.25 am, IREDA Share Price is at Rs 163.68, which is 3% down. Today, stocks opened at Rs 168.51 and touched a high of Rs 168.74. The current UC limit is at Rs 185.62, and the LC limit is at Rs 151.87. The total market capitalization of the company stands at around Rs 44,025 crores.

Company Financials

IREDA has reported its Q4 FY25 data. The company made a net profit of Rs 1,698.60 crore, which is a 36% growth compared to last year. The Overall revenue figure also grew by 36%. Expenses were also up in Q4 to Rs 1285, which was Rs 912 crore in the same period last year. Net interest income is at Rs 758 crore, which is a 57% growth compared to the same period last year. Revenue from operations also increased by 37% to R 1,904 crores.

Recent News about IREDA

• IREDA has secured a JPY 26 billion External Commercial Borrowing facility from the Tokyo SBI branch. This has led to a 3% jump in share prices.
• The company’s stock has seen additional momentum after being added to NSE’s Future and Options segment.
• IREDA is planning for a Rs 5,000 crore fundraising which involves government diluting up to 7% stake in it.

IREDA Share Price Target

According to Wall Street analysts share price could hit Rs 294 by the end of 2025. Others suggest prices up to Rs 252.10. On the other hand, Consensus suggests IREDA Share price could hit Rs 208.67 in the short term.

Recommendation on Buy or Sell

According to the moneycontrol website, 67% of analysts suggest a Buy for IREDA Shares. The rest 33% suggest Holding. Also, Consensus suggests buying IREDA Shares on Trendlyne.