Today, February 25, 2025, the Indian Renewable Energy Development Agency (IREDA) witnessed a 4% jump in their shares after announcing their plans to raise 5000 crores in quality institutions placement (QIP) of equity shares through one or several tranches.
IREDA Share prices opened at Rs 173.75 with the recent developments in the agency; the share price has reached a high of 178.45. Today’s opening was higher than the previous close- 172.01. Should you buy, sell, or hold your shares regardless of the agency’s steps? Let’s see what experts say.
IRFC Share Price in Today’s Market
As of 2 p.m. today, the share price stands at 173.88, which is 1.08% higher than the previous close and 0.65% higher than its rate at the opening bell. The current market capitalisation of IREDA is 46,756 crores. According to Money Control, the UC Limit stands at 206.41, while the LC Limit is 137.60.
Company Financials
The Quarter 3 Financial Report (FY 2024-25) of IREDA was released on January 9. As of February 25, the Sector P/E stands at 12.69. The agency has reported a return of 244%, and yet the share price has declined by approximately 44.5% from its 52 52-week high of 310.00.
Recent News about IREDA
- The company has announced its plans to raise 5000 crores in QIP.
- Chairman Pradip Kumar Das is confident that the fundraising will strengthen their green financing capabilities and support India’s clean energy goals.
- IREDA stocks will enter the F&O segment on NSE from February 28.
IREDA Share Price Target
Here are the trends among analysts and experts regarding IREDA’s share price targets. As of today, IREDA is trading at ₹172.01 per share. Its short-term trend maintains the spike while the stock might experience a downturn in the long term.
Should you buy, sell, or hold?
Analysts and experts on Money Control seem to be divided; the ratings are 50% ‘Buy’ and 50% sell. Analysts on TrendLyne, however, give the green light to ‘Buy.’ Before deciding as an investor, factor in IREDA’S long-term performance and consult with your analyst to make your perfect move.
