IREDA Share: The shares of Indian Renewable Energy Development Agency Ltd. (IREDA) have been witnessing a consistent decline over the past few days. The stock, which traded at ₹251 on August 8, closed at ₹244.60 on August 9, ₹237.75 on August 12, and ₹241 on August 13. This downward trend has left investors worried. In this article, we will discuss market experts’ opinions to help investors make informed decisions.
Highlights
- IREDA’s stock was trading at ₹251 on August 8, but has now dropped to ₹241.
- The stock has seen a 3.98% decline from August 8 to August 13.
- Since its listing, IREDA’s shares have delivered a 301.67% return.
- IREDA’s revenue grew to ₹1,510.71 crore in the June quarter.
- According to market experts, the current dip could be an opportune time to buy IREDA‘s stock.
Important Points about IREDA Share
| Important Points | Information |
|---|---|
| Company Name | IREDA (Indian Renewable Energy Development Agency Ltd.) |
| Share Price | ₹241 |
| 52-Week Low | ₹50 |
| 52-Week High | ₹310 |
| Market Cap | ₹64,640.74 crore |
| June Quarter Revenue | ₹1,510.71 crore |
Table of Contents
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Continuous Decline in IREDA’s Stock: A Concern for Investors
The shares of Indian Renewable Energy Development Agency Ltd. (IREDA) have been experiencing a steady decline in recent days. The stock, which traded at ₹251 on August 8, closed at ₹244.60 on August 9, ₹237.75 on August 12, and ₹241 on August 13. This means that from August 8 to August 13, the stock has seen a total decline of 3.98%.
IREDA’s Performance in the June Quarter
IREDA released its first-quarter results for the financial year 2025 in the last week of July. The company reported that its revenue increased to ₹1,510.71 crore, up from ₹1,391.64 crore in the previous quarter. This indicates a quarterly growth of 8.56% in revenue. Similarly, the company’s net profit rose to ₹383.69 crore, compared to ₹337.38 crore in the previous quarter, showing a quarterly increase of 13.73% in net profit.
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About IREDA
Indian Renewable Energy Development Agency (IREDA) provides financial assistance for the development, operation, and initiation of projects related to renewable energy. The Government of India has accorded the company with Navratna status. The company’s portfolio includes projects related to solar energy, wind energy, hydroelectric power, and other renewable energy sources.
Market Cap and Share Price of the Company
IREDA’s market cap stands at ₹64,640.74 crore, with its share price currently at ₹241. The 52-week low for the share is ₹50, while the 52-week high is ₹310. IREDA was listed on the stock market on November 29, 2023, and since its listing, the company has delivered a return of 301.67%. In the past six months, the company has provided a return of 48.63%.
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Market Expert’s Opinion
A discussion on Money9 channel focused on the decline in IREDA’s stock. Market expert Ravi Singh suggested that the stock could be bought during the dip, with an entry price of ₹232, and a stop loss set at ₹220. He also mentioned that holding the stock in the current scenario could be a better option.
FAQs
Why is IREDA Stock Falling?
There could be several reasons for the decline in IREDA’s stock, including the current market conditions, the company’s financial results, and investor sentiment.
Is It the Right Time to Buy IREDA’s Stock?
According to market experts, the right time to buy IREDA’s stock could be during the dip. Investors could consider an entry price of ₹232 with a stop loss at ₹220.
What is the Future Outlook for IREDA?
The future outlook for IREDA appears positive as the company is investing in renewable energy projects and its financial results are showing good growth.
What is the 52-Week High and Low of IREDA’s Share?
The 52-week high for IREDA’s share is ₹310, while the 52-week low is ₹50.
Should I Hold IREDA’s Stock for the Long Term?
Market experts suggest that holding IREDA’s stock for the long term could be a good option, especially if the company’s financial results continue to be positive.
How Safe is it to Invest in IREDA’s Stock?
Investing in IREDA’s stock could be a safe option, but investors should consider the current market conditions and the company’s financial performance before making any decisions.
Final Note
The recent decline in the stock of Indian Renewable Energy Development Agency Ltd. (IREDA) has become a concern for investors. As we discussed the company’s June quarter performance, market experts’ opinions, and future outlook. We hope this information will help investors in making informed decisions.
