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IREDA share price today faces key resistance and support around ₹178.08 and ₹174.33, respectively.
The stock trades 43.75% below its 52-week high of ₹310, indicating potential upside.
Analyst ratings are evenly split, with 50% recommending BUY and 50% HOLD.
IREDA share price is ₹174.64 as of 11:54 AM on May 30, 2025. It is a 1.14% decline from the previous close of ₹176.65. The stock opened slightly higher at ₹177.14 and moved within a narrow intraday range between ₹177.90 and ₹173.25. This signals modest downward pressure with limited volatility.
Trading volume stands at approximately 5.47 million shares, with a turnover of ₹95.69 crore (₹9,642.15 lakhs). This is significantly below the 20-day average volume of 18.77 million shares. The lower volume indicates subdued short-term momentum. The Volume Weighted Average Price (VWAP) is ₹175.52. This suggests most trades are occurring near the current price level. The delivery over the last 20 days remains low at 17.43%. This is consistent with high intraday speculative activity.
IREDA shares beta is 1.49, making it more volatile than the overall market. The stock trades well below its 52-week high of ₹310 but stays comfortably above its 52-week low of ₹137.01. Today’s price action remains within the circuit limits of ₹194.31 (upper) and ₹158.98 (lower). This shows no extreme market moves.
Technical indicators offer mixed signals. The stock is currently above its 20-day moving average (DMA), a positive short-term sign. However, it still trades below the 200-day moving average, which poses medium-term resistance. Moneycontrol’s technical rating is Neutral. Pivot resistance levels lie around ₹178.08, with support near ₹174.33. These mark important zones for traders.
IREDA share price chart shows a loss of 1.26% as of 12.19 PM on May 30, 2025:
The stock’s trailing twelve-month (TTM) earnings per share (EPS) is ₹6.32, up 35.68% year-over-year. This reflects strong earnings growth. The price-to-earnings (PE) ratio stands at 27.62. This is a premium compared to the sector average PE of 12.32, indicating high market expectations. The price-to-book (P/B) ratio is 5.03. IREDA share price is well above its book value of ₹34.74 per share.
The company is seen as a high-growth, premium valuation stock. This view is supported by robust fundamentals and IREDA’s strategic role in India’s renewable energy ambitions. It holds a market capitalization of ₹46,914 crore and remains a government-backed Navratna entity.
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Analysts sentiments are mixed with 50% recommending a ‘BUY’ rating while the other 50% suggest ‘HOLD’. The stock is about 43.75% below its 52-week high. This suggests room for recovery if momentum improves.
Key resistance and support lies around ₹178.08 and ₹174.33, respectively. Geojit Financial Services recommended buying IREDA shares at ₹170.05 per share. The company has also forecasted a potential upside. IREDA share price can reach ₹196 per share if it breaks past the current key resistance levels.
The company reported strong profit growth of 49% year-on-year in the March 2025 quarter. It also recorded a 28% expansion in its loan book. These figures reflect healthy business momentum. However, recent profit booking and broader market consolidation have contributed to the current share price pullback.
Domestic Institutional Investors (DIIs) reduced their shareholding last quarter, which presents a short-term weakness. On the positive side, the company enhanced its borrowing capacity by ₹5,000 crore through a new perpetual bond issue. This move aims to expand lending for renewable projects. It is positive for long-term growth but adds short-term leverage concerns.
IREDA shares are in a consolidation phase. It is balancing strong growth prospects against valuation risks. The muted volume and narrow price range indicate a cautious ‘wait-and-watch’ attitude among investors. Given the stock’s volatility and speculative intraday activity, long-term investors may benefit by aligning their outlook with India’s clean energy goals.
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