IREDA Share Price Gains 1.51%, Nears Rs. 160 Resistance, What’s Next for Investors?

Overview:

• IREDA share price rose by 1.51% to Rs. 156.86, showing persistence after posting a robust 42% YoY profit growth in Q2 FY26.

• The stock is resisted around Rs. 160–Rs. 165, while firm buying support is near Rs. 149–Rs. 150, backed by increasing volumes and investor sentiment.

• With 50% 'Buy' and 50% 'Hold' ratings, analysts are optimistic about IREDA's long-term growth due to India's renewable energy growth.

The Indian Renewable Energy Development Agency (IREDA) share price kept surging on Tuesday, up 1.51% at Rs. 156.86. The PSU renewable energy financier retained consistent momentum after its robust Q2 FY26 earnings release last week, which prompted fresh investor attention in the stock.

At the prevailing levels, IREDA shares are close to their short-term resistance points, with intraday highs at Rs. 158.70 and lows at Rs. 153.29. The market capitalisation of the stock now stands at Rs. 44,085 crore, indicating increased institutional support and retail optimism. Let’s explore an IREDA share price analysis for today based on Moneycontrol real-time updates.

Volume Surge Reflects Positive Sentiment

The trading volume of IREDA stock was strong, moving past 2.33 crore shares with a turnover of Rs. 36,666.48 lakh, much larger than the 20-day average volume of 1.87 crore. The volume-weighted average price (VWAP) was at Rs. 156.39, showing high buying interest around the current price levels.

IREDA share price chart on Moneycontrol showed gains of 1.25% as of 2:53 PM:

The continued increase in volumes for the past week indicates that investors are buying IREDA shares following its robust financials in the September quarter. The recent uptrend in the stock is being driven partially by optimism on profit growth and renewed confidence in India's clean-energy financing system, say analysts.

Technical View: Resistance at Rs. 160; Support at Rs. 149

Technically, the pivot point for IREDA is Rs. 152.90, while the levels of resistance (R1, R2, R3) are at Rs. 157.48, Rs. 160.45, and Rs. 165.03, respectively. On the negative side, the stock is supported (S1, S2, S3) around Rs. 149.93, Rs. 145.35, and Rs. 142.38.

With a beta value of 1.62, the stock is still more volatile than the wider market, with greater risk-reward potential in the short term for traders. The stock is trading much higher than its 52-week low price of Rs. 137.01, although still some way from its 52-week high of Rs. 234.29.

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Valuation and Financial Metrics

With a TTM EPS of Rs. 5.56 and a price-to-earnings (P/E) ratio of 28.22, IREDA is trading at a premium to its sector P/E of 11.29, which is a testament to robust future growth expectations. The price-to-book (P/B) ratio of 4.67 implies that the stock is fairly pricey versus historical valuation levels but still draws in investors on account of its predictable earnings visibility.

The book value of the company per share is Rs. 33.67, indicating a comfortable cushion for long-term investors. While dividend yield numbers are not yet available, investors find investment of the profits in the expanding renewable portfolio as a long-term positive. 

Analyst Sentiment: Bullish Bias Persists

According to Moneycontrol data, 50% of analysts place a 'Buy' on IREDA, while the other 50% suggest 'Hold'. No one has advised a 'Sell', indicating steady market sentiment. Analysts see the growth momentum of the company sustaining in FY26 on the strength of policy support for renewable energy, asset growth, and timely financial management.

Market Outlook

IREDA's rally recently showcases investor confidence in India's widening green energy financing scenario. With enhanced fundamentals, sound credit quality, and government support for sustainable infrastructure, the stock may continue its positive bias in the short term. Traders, however, should observe consolidation around the Rs. 160–Rs. 165 region, which may serve as a short-run resistance prior to the next phase of the rally.

Also Read: IREDA Share Price Rises 3.7% to Rs. 155.59 Amid Strong Q2 Performance

FAQs

1. Why is IREDA share price rising?

IREDA stock price is rising on the back of persistent investor optimism after its robust Q2 FY26 earnings announcement. The 42% rise in its profits, its improving asset base, as well as its healthy financial ratios, have cemented market sentiment, drawing both retail and institutional investors.

2. What are the most significant technical levels for IREDA stock?

IREDA's short-term resistance points are at Rs. 157.48, Rs. 160.45, and Rs. 165.03, whereas support points are around Rs. 149.93, Rs. 145.35, and Rs. 142.38. The pivot point is Rs. 152.90, indicating a bullish attitude as long as the price remains above this level.

3. Is IREDA an ideal stock for long-term investors?

Experts think that IREDA has long-term potential on the back of India's increasing investment in renewable energy and favorable government policies. In spite of its high valuations, consistent earnings, asset expansion, and zero default history make it a good PSU stock for long-term investors.

4. How is IREDA's valuation versus its peers?

At a P/E of 28.22, IREDA is richly priced compared to the sector mean of 11.29. This implies that investors anticipate better growth in the future, though it also indicates limited short-term undervaluation possibilities.

5. What are the risks investors need to watch out for in IREDA shares?

Though growth opportunities are robust, investors should observe increasing NPAs, sectoral volatility, and policy shifts. The beta of 1.62 for the stock also reflects greater-than-average price volatility, making it suitable only for risk-taking investors.