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HomeMONEY₹243 Renewable Energy Share Can Double In Future; ₹275 Is The Next...

₹243 Renewable Energy Share Can Double In Future; ₹275 Is The Next Target

Indian Renewable Energy Development Agency Ltd (NSE: IREDA): The rise in Indian Renewable Energy Development Agency Ltd stock continues. The stock has given a return of 23 percent in a week, 30 percent in a month, 40 percent in three months, and 150 percent from January to July. 

Experts say that the rise in the stock may continue. The next target of the stock is Rs 275. But the stoploss will be Rs 235.

What To Do Now In IREDA Stock?

Market expert says that IREDA stock is continuously trading above its high. The stock touched an all-time high again on Monday. The stock is at an all-time high above Rs 248.

It is, however, difficult to determine what is most important on the charts. But a stop loss should be placed below Rs 235. The stock can also touch the level of Rs 265-270.

Preparation For FPO? 

Indian Renewable Energy Development Agency Ltd is preparing for FPO in the current financial year. The company’s MD Pradeep Kumar Das said this in an interview on May 21.

It plans to launch an FPO in the second half of the current year or early FY 2026.

Indian Renewable Energy Development Agency Ltd, which has recently been granted Navratna status, will launch an initial public offering (IPO) in December 2023. The company’s IPO plan had earlier failed twice in 2017 and 2019.

Indian Renewable Energy Development Agency Stock Performance

Current Price₹ 246
52-wk High₹ 249 
52-wk Low₹ 50.0
5 Days Return26.07%
1 Month Return38.06%

Key Fundamentals Parameters

Market Cap₹ 66,320 Cr.
Stock P/E52.9
Book Value₹ 31.8
Dividend0.00 %
ROCE9.30 %
ROE17.3 %
Face Value₹ 10.0
P/B Value7.74
OPM98.3 %
EPS₹ 4.66
Debt₹ 49,687 Cr.
Debt to Equity5.80

Indian Renewable Energy Development Agency Ltd Shareholding Pattern

Promoters Holding
Dec 202375.00%
Mar 202475.00%
FII Holding
Dec 20231.88%
Mar 20241.36%
DII Holding
Dec 20234.37%
Mar 20240.94%
Hot Stocks Alert Join
Public Holding
Dec 202318.75%
Mar 202422.70%

Indian Renewable Energy Development Agency Ltd Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 2,368 Cr
2021₹ 2,655 Cr
2022₹ 2,860 Cr
2023₹ 3,483 Cr
2024₹ 4,965 Cr

Last 5 Years’ Net Profit:

2020₹ 215 Cr
2021₹ 346 Cr
2022₹ 634 Cr
2023₹ 865 Cr
2024₹ 1,252 Cr

Conclusion

This article provides a detail guide about Indian Renewable Energy Development Agency Ltd share.

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

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If you have additional questions, feel free to leave a comment below. We’ll be more than happy to address all of your questions.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

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