IREDA share price is trading at Rs. 141.98, close to its 52-week low, but far below its high of Rs. 241.35, indicating room for recovery.
Valuation metrics show a P/E of 25.53, higher than the sector average of 10.62, suggesting premium pricing due to strong growth prospects.
Analyst sentiment remains positive, with 50% recommending Buy and 50% suggesting Hold, categorizing the stock as ‘Outperform.’
Indian Renewable Energy Development Agency (IREDA) share price today is Rs. 141.98, reflecting a 1.05% gain at press time. The stock opened at Rs. 141.15 up from the previous close of Rs. 140.50. IREDA shares have seen steady movement within a range of Rs. 140.76 to Rs. 142.74 intraday. The current volume stands at 2,827,337 shares, with a total traded value of Rs. 4,013.69 lakh.
At its present levels, IREDA share price trades close to its 52-week low of Rs. 137.01, while being well below its 52-week high of Rs. 241.35. Long-term investors would note that the stock is also far from its all-time high of Rs. 310, though comfortably above its all-time low of Rs. 50.
IREDA share price chart on TradingView shows gains of 0.95%:
The company’s current market capitalization stands at Rs. 39,879 crore, reflecting its strong presence in India’s renewable energy financing sector. This renewable energy stock’s VWAP (Volume Weighted Average Price) is Rs. 141.81, aligning closely with the current market price. Hence, suggesting a balanced trading activity without major divergence.
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According to Moneycontrol market data, IREDA stock’s pivot price is placed at Rs. 141. The immediate resistance level is set at Rs. 142 and Rs. 143.49, while support levels stand at Rs. 139.51 and Rs. 138.51. These levels provide traders with key markers to watch for potential breakouts or downside pressure. With a beta of 1.59, the stock is more volatile than the broader market. Thus, indicating higher risk but also the potential for stronger returns when sentiment improves.
From a valuation perspective, IREDA share price today has a TTM EPS of Rs. 5.56, which has grown by 11.42% YoY. Based on this, the stock trades at a TTM P/E ratio of 25.53, which is higher than the sector P/E of 10.62. This indicates the stock is priced at a premium compared to its peers, possibly due to its strong growth potential in the renewable energy sector.
Additionally, the company’s Price-to-Book (P/B) ratio is 4.22, which is also on the higher side compared to sector averages. Hence, reflecting investor confidence in IREDA’s asset quality and future earnings potential. The book value per share stands at Rs. 33.67. Notably, the stock does not currently offer a dividend yield. It means that investors are primarily betting on capital appreciation.
Based on coverage from analysts on Moneycontrol, the consensus on IREDA shares is positive. While 50% recommend a Buy rating, the other 50% suggest a Hold, with no analysts advising a Sell. The overall sentiment places the stock in the ‘Outperform’ category, indicating investor optimism for the medium to long term.
IREDA’s share price is consolidating near its support levels after a significant decline from its 52-week high. Strong fundamentals, improving EPS, and sector tailwinds from India’s renewable energy push continue to support the company’s growth story. However, valuations remain relatively high compared to sector averages, which may limit near-term upside.
Investors should watch the Rs. 142-Rs. 145 zone as a key resistance area. A decisive breakout above these levels could trigger fresh buying momentum. Meanwhile a drop below Rs. 137 may invite further downside pressure. Long-term investors betting on India’s clean energy future may find IREDA stock attractive, though cautious entry at lower levels could offer better risk-reward.
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1. Which company owns IREDA?
Indian Renewable Energy Development Agency (IREDA) is owned by the Government of India under the administrative control of the Ministry of New and Renewable Energy (MNRE). It is a 100% government-owned enterprise dedicated to financing renewable energy and energy efficiency projects across India.
2. What is the price of IREDA share offer?
IREDA’s IPO in November 2023 was priced at Rs. 30–Rs. 32 per share. The offer saw strong investor interest and was oversubscribed multiple times, making it one of the most successful PSU listings in recent years.
3. What is the price target of IREDA?
Analyst targets for IREDA vary, but near-term estimates suggest a range of Rs. 142–Rs. 145 as resistance levels. Long-term projections depend on India’s renewable energy expansion, with many experts expecting gradual appreciation as the sector grows.
4. What is the share price of Tata IREDA?
There is no separate Tata IREDA stock. IREDA is a government-owned entity, while Tata Power and Tata Renewable Energy operate independently in the renewable space. Investors often confuse the two due to their renewable energy focus, but they are distinct companies.
5. Is IREDA a good stock to buy?
IREDA is seen as a strong long-term play on India’s renewable energy sector. With a P/E of 25.53 and strong EPS growth, analysts categorize it as "Outperform." However, investors should be cautious about near-term volatility, especially given the stock’s higher beta of 1.59.
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