Indian Renewable Energy Development Agency Ltd (NSE: IREDA): Indian Renewable Energy Development Agency Ltd’s share opened at Rs 263.50 against the closing price of Rs 261.18.
Following this, the part amounted to around 270 rupees. Now experts say that the share can cross Rs 350.
A market expert told that the share can touch the level of around 350 rupees (Rs 330) in the long term. The experts said that shares can be bought for around Rs 250-260. Put a stop loss of Rs 240 on the share.
If the share gives a 100-150 percent return. In this case, in such a situation, you must remove your capital.
But recently after IREDA Ltd’s results, a brokerage house has reduced the target on the share to Rs 130. This is 60 percent less. In such a situation, it is also important for the investor to be cautious.
The trading of IREDA Ltd share was completed in December 2023. Since the beginning of this year the stock has experienced an upward spiral and the price has increased by 8 times.
Indian Renewable Energy Development Agency Stock Performance
| Current Price | ₹ 258 |
| 52-wk High | ₹ 310 |
| 52-wk Low | ₹ 50.0 |
| 5 Days Return | -5.59% |
| 1 Month Return | 32.84% |
Key Fundamentals Parameters
| Market Cap | ₹ 69,347 Cr. |
| Stock P/E | 51.7 |
| Book Value | ₹ 31.8 |
| Dividend | 0.00 % |
| ROCE | 9.30 % |
| ROE | 17.3 % |
| Face Value | ₹ 10.0 |
| P/B Value | 8.10 |
| OPM | 96.2 % |
| EPS | ₹ 5.18 |
| Debt | ₹ 49,687 Cr. |
| Debt to Equity | 5.80 |
Indian Renewable Energy Development Agency Shareholding Pattern
| Promoters Holding | |
| Dec 2023 | 75.00% |
| Mar 2024 | 75.00% |
| Jun 2024 | 75.00% |
| FII Holding | |
| Dec 2023 | 1.88% |
| Mar 2024 | 1.36% |
| Jun 2024 | 2.70% |
| DII Holding | |
| Dec 2023 | 4.37% |
| Mar 2024 | 0.94% |
| Jun 2024 | 0.42% |
| Public Holding | |
| Dec 2023 | 18.75% |
| Mar 2024 | 22.70% |
| Jun 2024 | 21.87% |
IREDA 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 | ₹ 5,331 Cr |
Last 5 Years’ Net Profit:
| 2020 | ₹ 215 Cr |
| 2021 | ₹ 346 Cr |
| 2022 | ₹ 634 Cr |
| 2023 | ₹ 865 Cr |
| 2024 | ₹ 1,341 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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