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HomeSHARE MARKET₹181 Renewable Energy Government Share; 430% Bumper Return Within Few Months

₹181 Renewable Energy Government Share; 430% Bumper Return Within Few Months

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Indian Renewable Energy Dev Agency Ltd (NSE: IREDA): After a long decline, shares of the energy company IREDA are once again experiencing a rapid rise. 

The share of the company is in the upper circuit for the second day in a row. IREDA shares increased by 5 percent, traded at the level of 177.05 rupees the previous day. 

This increase in IREDA shares is because of the news about block deals. There are reports of numerous block deals involving the shares of the company. 

IREDA shares have recently reached an all-time high of 215 rupees. A 52-week low of this share is around Rs 50.

Block Deal At Rs 160 Per Share

There’s news about the purchase and sale of around two crores of shares in the Indian Renewable Energy Development Agency (IREDA) in block transactions. 

This transaction was completed for Rs 160 per share, and its worth is estimated to be around the amount of Rs 389.8 crore. 

The participants in the transaction haven’t been identified as of yet. In the past, IREDA shares had seen a decline of 26 percent within just 6 days. 

The shares of the company had dropped from 209.35 to 170.25. IREDA shares reached a record-breaking high of 215 rupees, on the 6th of February, this year.

It Was Rs 175 After The Price Of Rs 32

The IREDA IPO began on November 21, 2023, and it was open until 23 November. The company’s initial public offering was priced at a range between Rs 30 and Rs 32. 

Share of the firm was bought in the IPO for Rs 32. IREDA shares were priced at 50 rupees on the 29th of November. 

IREDA share was worth the price of 176.75 on the 15th of February, 2024. IREDA shares have risen by over 430 percent since the initial price of 32 rupees. 

This IRDA IPO saw attendance by an average amount of 38.80 occasions. The retail investors’ quota of the firm’s IPO was a whopping 7.73 times.

About Indian Renewable Energy Dev Agency (IREDA)

IREDA ranks among the top five power sector financing NBFCs, specializing in renewable energy financing.

In addition, IREDA was the first company in India to issue green masala bonds; additionally, it is also the largest credit provider to RE sectors other than conventional energy.

IREDA is a state-owned business under the supervision of the Ministry of New and Renewable Energy (MNRE) that is pioneering innovative ways to finance renewable energy projects, as well as conservation and energy efficiency initiatives.

India’s first dedicated non-banking green financing company with loan portfolios covering solar power, wind power, biomass power, and hydropower generation among many others.

Fundamental Analysis of IREDA

Market Cap₹ 47,587 Cr.
Current Price₹ 177.05
52-wk High₹ 214.80
52-wk Low₹ 50
Stock P/E35.16
Book Value
Dividend0.00 %
ROCE8.17 %
ROE15.4 %
Face Value₹ 10.0
P/B Value
OPM93.4 %
EPS₹ 3.78
Debt₹ 40,165 Cr.
Debt to Equity6.77

Indian Renewable Energy Dev Agency (IREDA) Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 165₹ 231
2025₹ 235₹ 280
2026₹ 310₹ 375
2027₹ 450₹ 505
2028₹ 680₹ 720
2029₹ 755₹ 810
2030₹ 1000₹ 1200
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Indian Renewable Energy Dev Agency Ltd Shareholding Pattern

Promoters Holding
Dec 202375.00%
FII Holding
Dec 20231.88%
DII Holding
Dec 20234.37%
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Public Holding
Dec202218.75%

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

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 2,020 Cr
2020₹ 2,368 Cr
2021₹ 2,655 Cr
2022₹ 2,860 Cr
2023₹ 3,483 Cr

Last 5 Years’ Net Profit:

2019₹ 250 Cr
2020₹ 215 Cr
2021₹ 346 Cr
2022₹ 634 Cr
2023₹ 865 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20194.29
20208.61
20217.8
20223.37
20236.77

Last 10 Years’ Profit Growth:

10 Years:
5 Years:
3 Years:59%
Current Year:36%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:
3 Years:15%
Last Year:15%

Sales Growth Over 10 Years:

10 Years:
5 Years:
3 Years:14%
Current Year:22%

Conclusion

This article is a complete guide about Indian Renewable Energy Dev Agency Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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