IREDA Share Price Target: Indian renewable energy development agency (IREDA) is a leading public sector enterprise. Which is dedicated to promoting and financing various renewable energy projects in India. IREDA was established in 1987, owned by the government of India and controlled by the ministry of new and renewable energy. The agency aims to contribute significantly to the country’s sustainable development by smoothing the growth of renewable energy configuration. IREDA is diligently involved in financing and encouraging the renewable energy sector through tailored financial products, technical assistance and knowledge distribution. IREDA’s commitment to promoting sustainable and clean energy solutions has positioned. It as a pivotal institution in India’s renewable energy landscape.
IREDA Share Price Target
Shares of Indian Renewable Energy Development Agency have been in downward trajectory in the past one month, falling around 13.35 per cent. The reason behind the PSU stock weakness is associated with profit booking by investors and high valuation.
Amid the freefall of the PSU stock for the past one month, the session of March 07, brought a sigh of relief when the scrip jumped around 4.30 per cent with the intra-day high of Rs 148.80 apiece. IREDA stock finally settled at Rs 147.85 apiece on March 07.
IREDA share price target Market expert Astha Jain while talking to ET Now Swadesh has underlined major strategy for IREDA stock. She clearly underlined the problem with IREDA stock that’s overvaluation in recent times. As mentioned earlier, the stock has jumped around 146 per cent in the past year.
She said that IREDA stock has been overstretched and is beyond the threshold level being set for NBFC stocks.
However, she cautioned that the stock will test the patience of investors and recommended to stay in the stock for the long-term only. It may perform well in the long-term.
IREDA share
IREDA boasts a market cap of Rs 39,738 crore as per NSE. The 52-week high and low of the share is Rs 214.80 and Rs 50 apiece respectively.
About IREDA
Indian Renewable Energy Development Agency Limited (IREDA) was established on 11th March, 1987. As a Public limited Government Company under. The Companies Act, 1956 and it promotes, develops and extends financial assistance for Renewable Energy and Energy Efficiency/Conservation Projects.
IREDA share price Target 2024
IREDA Share Price Target 2024 Price
| January 2024 ₹150.40 |
| February 2024 ₹155.45 |
| March 2024 ₹158.50 |
| April 2024 ₹164.50 |
| May 2024 ₹169.60 |
| June 2024 ₹172.75 |
| July 2024 ₹175.75 |
| August 2024 ₹186.80 |
| September 2024 ₹190.90 |
| October 2024 ₹195.90 |
| November 2024 ₹199.95 |
| December 2024 ₹210.56 |
1. IREDA Share Price Target 2025
| IREDA Share Price Target 2025 Price |
| January 2025 ₹222.10 |
| February 2025 ₹234.10 |
| March 2025 ₹230.20 |
| April 2025 ₹232.20 |
| May 2025 ₹234.15 |
| June 2025 ₹235.10 |
| July 2025 ₹237.20 |
| August 2025 ₹230.30 |
| September 2025 ₹238.35 |
| October 2025 ₹242.40 |
| November 2025 ₹245.40 |
| December 2025 ₹247.98 |
2. IREDA Share Price Target 2026
| IREDA Share Price Target 2026 Price |
| January 2026 ₹248.60 |
| February 2026 ₹248.65 |
| March 2026 ₹249.70 |
| April 2026 ₹250.75 |
| May 2026 ₹251.80 |
| June 2026 ₹121.90 |
| July 2026 ₹250.00 |
| August 2026 ₹252.30 |
| September 2026 ₹253.35 |
| October 2026 ₹253.40 |
| November 2026 ₹254.40 |
| December 2026 ₹256.76 |
3. IREDA Share Price Target From 2024 to 2030
| IREDA Share Price Target Price |
| 2024 ₹210.56 |
| 2025 ₹247.98 |
| 2026 ₹256.76 |
| 2027 ₹274.40 |
| 2028 ₹301.54 |
| 2029 ₹321.34 |
| 2030 ₹354.43 |
4. IREDA Financials 2023
| (INR) Dec 2023 Y/Y |
| Revenue 438.83Cr 51.84% |
| Net income 335.54Cr 67.15% |
| Diluted EPS 1.38 56.82% |
| Net profit margin 76.46% 10.08% |
| Operating income 409.61Cr 63.81% |
| Net change in cash – – |
| Cash on hand – – |
| Cost of revenue – – |
5. IREDA Share Holding Pattern
Promoter – 75%
Fll – 1.9%
Dll – 4.4%
Public – 18.8%
Others – 0%
IREDA Competitors
- NTPC with market cap 311,796.30 cr
- Power grid corp with market cap 251,348.82 cr
- Adani power with market cap 216,798.54 cr
- Tata power with market cap 116,645.87 cr
- Adani energy with market cap 116,546.68 cr
- NHP with market cap 86,186.40 cr
- JSW energy with market cap 80,103.96 cr
- Torrent power with market cap 53,797.84 cr
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IREDA Share Price Target
Points to be consider before investing in 2 QQ (IREDA) has a face value of ₹10 per share and the price band. The book building IPO has been set in the band of ₹30 to ₹32 per share. During the book-building process, the final price will be discover within this band.
The IPO of Indian Renewable Energy Development Agency Ltd (IREDA) will be 1a combination of a fresh issue and an offer for sale. Fresh issues tend to bring in new funds, but can also diluted EPS and equity. However, an offer for sale is just a transfer of ownership and does not entail dilution of equity or of EPS.
Let us start with the fresh issue portion first. Indian Renewable Energy Development Agency Ltd (IREDA) IPO comprises the issue of 40,31,64,706 shares. Which at the upper price band of 32 per share will translate into a fresh issue size of 1,290.13 crores.
The offer for sale portion of the IPO of Indian Renewable Energy Development Agency Ltd (IREDA) comprises. The sale of 26,87,76,471 shares. Which at the upper price band of ₹32 per share will translate into an offer for sale size of ₹860.08 crore.
The offer for sale will be by the promoter shareholders of the company. Which is the Government of India. Since IREDA is currently 100%r own by the government of India. The entire offer for sale of Out of the 2,687.76 lakh shares, offer by the Government of India only.
Therefore, the overall IPO of Indian Renewable Energy Development Agency Ltd (IREDA) will comprise of the issue and sale of 67,19,41,177 shares. Which at the upper price band of ₹32 per share will translate into total IPO issue size of ₹2,150.21 crore.
