Major Alert for IREDA Investors: IREDA’s stock has recently seen a significant drop, causing concern among IREDA investors. In this article, we will explore the opinions of four key experts and the target prices they have suggested. We will also discuss what investors should do despite this downturn. This information will help investors make informed decisions.
Highlights:
- IREDA’s stock recently dropped by 3.03%.
- The company has delivered a return of 305.67% so far.
- Motilal Oswal has set a target price of ₹280-300.
- HDFC Securities has given a target price of ₹260-280.
- Prabhudas Lilladher and Anand Rathi have also shared their opinions.
Key Points:
| Expert Name | Target Price | Stock Support Zone | Current Status | Future Projection | Special Remarks |
|---|---|---|---|---|---|
| Motilal Oswal | ₹280-300 | Financial Status and Loan Book | |||
| HDFC Securities | ₹260-280 | Expansion in Renewable Energy | |||
| Prabhudas Lilladher | ₹280-300 | ₹248-250 | Rapid Growth in 1 Month | May Reach ₹310 | |
| Anand Rathi | ₹290-300 | ₹240-245 | Oversold Position | Stop Loss at ₹240 |
Table of Contents
Also Read: Three Defense Sector Companies with Record-Breaking Order Books: A Golden Opportunity for Investors!
IREDA’s Stock Fluctuations and Expert Opinions for IREDA Investors
Current Status of IREDA’s Stock
IREDA’s stock has experienced significant fluctuations in recent days. The stock opened at ₹251 on the weekly closing day but closed at ₹243.40, reflecting a 3.03% drop.
Motilal Oswal’s Opinion
Motilal Oswal has set a target price for IREDA’s stock between ₹280 and ₹300. This estimate is based on the company’s financial status and the ongoing expansion in its loan book.
HDFC Securities’ Estimate
HDFC Securities has forecasted a target price of ₹260 to ₹280 for IREDA, considering the company’s performance and its continuous expansion in the renewable energy sector.
Prabhudas Lilladher’s Analysis
According to Shiju Kuthupalakkal, Technical Research Analyst at Prabhudas Lilladher, IREDA’s stock has shown remarkable growth over the past month. The stock surged from ₹175 to ₹310 but later dropped due to profit booking.
Anand Rathi’s Advice
Ganesh Dongre, Senior Manager – Technical Research Analyst at Anand Rathi, advises that the stock is currently in an oversold position on the daily chart. The next supporting zone for the stock is between ₹240 and ₹245.
FAQs
Should You Invest in IREDA Stock?
Investors should consider expert opinions and market fluctuations before investing in IREDA stock.
What is the Current Target Price for IREDA Stock?
Motilal Oswal has set a target price of ₹280-300, HDFC Securities has set it at ₹260-280, and Prabhudas Lilladher has suggested a target price of ₹280-300.
What is the Support Zone for IREDA Stock?
According to Prabhudas Lilladher, the stock’s support zone is ₹248-250, and Anand Rathi suggests it is ₹240-245.
What Precautions Should Be Taken When Investing in IREDA Stock?
Investors should consider stop loss and target prices before investing. Anand Rathi has set a stop loss at ₹240.
What is the Future of IREDA Stock?
Experts believe that if the stock surpasses the ₹280 target price, it could potentially reach ₹310.
3 thoughts on “Major Alert for IREDA Investors! What Do 4 Experts Have to Say?”