Indian Renewable Energy Development Agency or IREDA Share Price are in news after it surged by 2.83% Today. What analysts are saying about these shares? Let’s find out in today’s article.
IREDA Share Price in Today’s Market
As of today 27th March 2025, IREDA Share Price has surged by 2.83%. It also touched a high of Rs 167.47. The current UC Limit is at Rs 179.21 and LC Limit is at Rs 146.62. The total market capitalization of the company stands around 43,450 crore.
Company Financials
IREDA has grabbed attention by giving the green light to a major borrowing plan of up to R 30,800 crore for the financial year 2025-26 (FY26). This comes after they bumped up their borrowing limit to Rs 29,200 crore for FY25. The company’s numbers show a price-to-earnings (P/E) ratio of 28.53 and a price-to-book (P/B) value of 4.69. Their earnings per share (EPS) sit at Rs 5.71 and they have a return on equity (RoE) of 16.43%. The stock’s beta is 1.5, which means it’s more jumpy than the market overall.
Recent News About IREDA
IREDA’s bond issuance has made headlines pulling in ₹910 crore to fund green energy projects. This move has boosted the stock’s appeal leading to a 14% jump in just four trading days up to now. Market watchers feel upbeat about IREDA’s outlook pointing to possible price targets of ₹190 to ₹200 in the coming months.
IREDA Share Target Price
As per the analyst, IREDA share price might reach Rs 485. Consensus suggests Buying IREDA Shares as it could touch Rs 208.67. Also in long term these shares could reach Rs 1,110 by 2030.
Recommendation on Buy or Sell
Stock experts don’t all agree, but most seem to think IREDA shares will go up. Jigar S Patel from Anand Rathi says if the stock ends above Rs 177, it might hit Rs 198 soon. But he warns that a drop below Rs 150 could change this good outlook. He suggests buyers might want to grab shares when prices dip, but keep an eye on key support levels.
