Indian Renewable Energy Development Agency Ltd. (IREDA Share Price) is a leading financial institution in India that supports renewable energy and energy efficiency projects. Investors are keenly observing IREDA’s stock due to its significant growth potential in the clean energy sector. This article provides a comprehensive fundamental and technical analysis of ireda share price, along with expert recommendations.
Fundamental Analysis of IREDA Share Price
Key Financial Metrics
- Market Capitalization: ₹52,677 crore
- Current Share Price: ₹196
- 52-Week High/Low: ₹310 / ₹121
- Price-to-Earnings (P/E) Ratio: 34.3
- Book Value per Share: ₹34.7
- Return on Capital Employed (ROCE): 9.30%
- Return on Equity (ROE): 17.3%
IREDA has shown strong revenue growth of 42.56% YoY, reaching ₹4,965.29 crore. The net profit surged by 44.83%, standing at ₹1,295.81 crore.
Growth Potential & Challenges
✅ Positive Factors
- Strong annual profit growth at a 33.9% CAGR over the last five years.
- Strong potential in India’s growing green finance sector.
- Expected strong quarterly results based on previous trends.
❌ Risks & Concerns
- Overvalued stock, currently trading at 5.64 times its book value.
- No history of dividend payments.
- Low interest coverage ratio, indicating debt servicing challenges.
For detailed financials, check IREDA on Screener.in
Technical Analysis of IREDA Share Price
Current Market Trends
- Stock Price (Jan 29, 2025): ₹192.14 (+3.03% intraday)
- Support Levels: ₹180 | Resistance Levels: ₹205
- Volume Analysis: High trading activity suggests strong market interest.
Key Technical Indicators
- Moving Average Convergence Divergence (MACD): Bearish (-5.35 vs. -3.21)
- Average Directional Index (ADX): Weak trend (20.73)
- Aroon Indicator: Indicates downtrend dominance
Technical Outlook
Current technical indicators suggest a short-term bearish trend, but the stock has strong long-term potential given its role in India’s renewable energy financing sector.
For live technical insights, visit Top Stock Research
Expert Recommendations
- Analyst Consensus: Hold
- One-Year Target Price: ₹215 (~10% upside potential)
- Short-Term Strategy: Avoid fresh entry until strong support is confirmed.
- Long-Term Strategy: Positive outlook due to IREDA’s strong earnings and India’s push for clean energy financing.
For expert analysis, check Market Screener
Latest IREDA Stock Analysis Video
For a more in-depth look at IREDA’s performance, check out this expert analysis on YouTube:
Watch Now: IREDA Share Latest News & Analysis
Conclusion
IREDA is a promising stock in India’s green finance sector, showing strong revenue and profit growth. However, short-term technical indicators suggest caution. Investors should consider long-term potential while monitoring price trends and key support levels.
Investment Advice:
- Short-term traders: Wait for technical confirmation.
- Long-term investors: Can consider investing on dips for future growth potential.
🚀 Stay updated with the latest stock market trends on Stockks for real-time insights!
Explore More : Stockks.in
Leave a Reply