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IREDA share price dropped 1.74% to Rs. 138.73 after weekly losses of nearly 4%.
Analysts expect strong Q3 loan growth in solar, wind, and renewable projects.
Technical indicators, including RSI and MACD, suggest a potential rebound toward Rs. 160.
Indian Renewable Energy Development Agency (IREDA) shares are in focus in the stock market today as the PSU prepares to announce its Q3 FY26 results. The stock has experienced some profit booking recently, with weekly losses nearing 4%, ending a two-week winning streak. The current IREDA share price is Rs. 138.73, down by 1.74%, reflecting cautious investor sentiment.
Here is an in-depth analysis of IREDA share price today based on Moneycontrol data.
The stock opened at Rs. 141 and has seen a volume of 8,576,613 shares. Its 52-week high stands at Rs. 222.86, while the low is Rs. 129.11. The stock has a market capitalization of Rs. 38,941 crore, a P/B ratio of 3.02, and a TTM EPS of 6.13, reflecting low P/E valuation relative to the sector average of 10.89.
IREDA share price chart on Moneycontrol showed a loss of 1.74% at press time:
According to Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi, IREDA has formed a double bottom pattern. This often signals a major trend reversal. He noted that the stock has recently closed above its 10-day exponential moving average (10-DEMA), and it is an indication of short-term strength. Other momentum indicators like the RSI breakout and MACD bullish crossover suggest renewed buying interest.
Patel recommends that traders consider buying on dips within the Rs. 142–145 range, and the potential upside toward Rs. 160. He advises maintaining a strict stop-loss at Rs. 134 on daily closing to manage downside risk.
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Analysts anticipate a positive set of results for IREDA, driven primarily by growth in the renewable energy sector. Seema Srivastava, Senior Research Analyst at SMC Global Securities, expects loan disbursements to continue their strong momentum, with double-digit growth in disbursements and a moderate rise in loan sanctions. This reflects sustained demand for financing solar, wind, and other renewable energy projects across India.
Key metrics to watch include net interest income (NII), profit after tax (PAT), asset quality, NPA ratios, and capital adequacy. Previous quarters have shown consistent profitability for the PSU company. These outlooks were supported by strong growth in interest income and steady expansion of the company’s net worth.
Khushi Mistry from Bonanza highlighted that provisional data points to a 29% year-on-year growth in loan sanctions and a 28% expansion in the loan book, underlining the operational strength of the PSU. However, she cautioned that high leverage exposes the stock to risks from interest rate changes or policy shifts, and potential NPAs may rise if project execution faces delays.
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IREDA prepares to release its Q3 FY26 results, and investors are closely watching both technical signals and fundamental performance. Strong loan growth and healthy earnings in the renewable energy sector mean the long-term potential for IREDA stock is good.
However, market volatility and sector-specific risks, including leverage and execution delays, suggest cautious positioning. Traders and investors may look to enter on dips while maintaining disciplined risk management.
1. What was the reason behind the drop in IREDA share price on this day?
IREDA share price dropped from a previous close of Rs. 140.00 to an intra-day low of Rs. 138.73 (-1.74%). A significant portion of this drop can be attributed to profit-taking based on recent highs, and as investors are cautious as we approach the results of Q3 FY26. The total weekly losses have now reached around 4% for the IREDA stock.
2. When is Q3 FY26 earnings for IREDA expected to be released?
Investors are eagerly awaiting the Q3 FY26 earnings to see how the company performed in terms of growth and profitability of loans in the renewable energy sector.
3. What type of earnings are analysts expecting for IREDA’s Q3 FY26 earnings?
Analysts predict favourable results with good loan disbursement activity, strong earnings, and double-digit growth in disbursement activity. The amount of activity is also expected to continue for solar, wind, and renewable projects.
4. What are the technical indicators suggesting a potential rebound for IREDA share price?
Technical indicators, including the double-bottom reversal pattern formed on the daily chart, the breakout above the 10-day EMA, the RSI breakout due to overbought conditions, and the MACD bullish crossover, suggest that the stock price could reach Rs. 160.00.
5. What type of risks do investors need to consider when purchasing IREDA shares?
Investors should perform due diligence and consider the various risks associated with investing in IREDA, including elevated leverage levels, potential non-performing assets (npas), execution delays to complete solar/wind/recovery projects, and overall market risk. Investors should have a proper stop loss on the stock at Rs. 134.00 to limit downside risk.
