Indian Renewable Energy Development Agency or IREDA Share Price is in the News. As the company is a key player in renewable strength financing, has been beneath excessive marketplace scrutiny lately. With its Q4 results assertion scheduled for April 15, investors are carefully monitoring fee actions and monetary health indicators.
IREDA Share Price in the Market Today
IREDA opened at Rs 153.99 on April 9, a marginal 0.09% upward movement from the preceding year of Rs 153.85. However, the stock remains unstable, having slipped 2% intraday on April eight before closing at Rs 153.85. Currently trading close to Rs 153–154 range, IREDA is down nearly 50% from its all-time excessive of Rs 310.
Company Financials
IREDA reported impressive operational growth for Q4 FY24. With loan sanctions growing 27% YoY to Rs 47,453 crore and disbursements up 20% to Rs 30,168 crore. Its excellent mortgage book expanded 28% to Rs 76,250 crore, reflecting sturdy demand for green electricity tasks. However, high valuations continue to be a challenge, with a PE ratio of 27.41 and a fee-to-ebook ratio of 14.49.
Recent News on IREDA
- Fundraising Plans: The company explored raising Rs 4,500 crore via QIP or rights issue in 2024, sparking a brief price surge.
- Technical Outlook: Earlier recommendations suggested exiting if prices fell below Rs 230–235, though current levels are far lower.
- Retail Investor Base: Over 25.88 lakh small shareholders held a 20% stake as of December 2024, indicating broad public interest.
IREDA Share Price Target
Analysts project an optimistic outlook for IREDA’s share price in the coming years due to its pivotal role in India’s renewable energy sector. The share price target for 2025 ranges between Rs 210 and Rs 248, supported by strong government backing and expanding project financing portfolios. Long-term projections suggest the stock could reach Rs 376 by 2030 as India accelerates its green energy initiatives and IREDA finances larger projects.
Recommendation on Buy or Sell
While IREDA’s growth in renewable energy lending is promising, the stock’s sharp correction from peak levels signals caution. Technical analysts previously emphasized Rs 235 as critical support, but with prices now near Rs 153, the risk-reward ratio appears mixed. The upcoming earnings could trigger volatility, making it a high-risk bet.
