IREDA SHARE PRICE TARGET 2024, 2025, 2026, 2027, 2028, 2029, 2030 In this article, we will discuss the current state of IREDA’s share price. Today, IREDA’s share price stands at ₹159. Looking ahead, we’ll explore potential price targets for IREDA. Stay tuned as we provide detailed insights into IREDA’s share price targets in the upcoming discussion.
IREDA Overview:
IREDA was established in 1987 as a non-banking financial company (NBFC) under the Ministry of Renewable Energy. Over the years, it has grown into a leading organization in the renewable energy sector, with a strong track record of financing over 4000 projects.
With a mission to promote renewable energy sources in India, IREDA provides financial assistance for renewable energy project such as solar, wind, hydro, and biomass. The company has been at the forefront of financing sustainable infrastructure projects and supporting the government’s initiatives to reduce carbon emissions.
IREDA stock fundamentals:
IREDA’s solid financial fundamentals make it an attractive investment option. The company has maintained consistent earnings growth, with a Compound Annual Growth Rate (CAGR) of over 22% in the past five years. IREDA’s dividend yield has also been around 3%, offering investors a stable income stream.
| Market Cap | ₹ 42735 Cr |
| Current Price | ₹ 159 |
| High/Low | ₹ 215/50 |
| Stock P/E | ₹ 49.4 |
| Dividend Yield | 0% |
| ROCE | 8.17% |
| ROE | 15.4% |
| Face Value | ₹ 10.0 |
Technical Analysis:
In evaluating IREDA’s stock performance through a technical lens, multiple indicators suggest a bullish trend over the upcoming years. The MACD has shown a positive divergence, indicating strong buying momentum. Similarly, the Relative Strength Index (RSI) values have consistently hovered around the 60 mark, suggesting that the stock is neither overbought nor oversold and has room for upward movement.
The Bollinger Bands, another vital technical analysis tool, have recently widened. This widening is a signal of increased volatility, coupled with the stock’s upward trend, which could imply significant price movements in favor of bullish traders and investors. The Fibonacci retracement levels show noticeable support around the 23.6% and 38.2% retracement levels, providing strong buy signals for the stock at these points.
Stock Competitor:
As the renewable energy sector continues to grow, IREDA faces competition from other players in the market. Some of its major competitors include :
- PTC India Financial Services Limited
- Indian Renewable Energy Development Agency Limited
- L&T Infrastructure Finance Company Limited.
IREDA SHARE PRICE TARGET 2024, 2025, 2026, 2027, 2028, 2029, 2030:
| IREDA SHARE PRICE TARGET year | Price |
| IREDA SHARE PRICE TARGET 2024 | ₹179.00 |
| IREDA SHARE PRICE TARGET 2025 | ₹196.9 |
| IREDA SHARE PRICE TARGET 2026 | ₹216.59 |
| IREDA SHARE PRICE TARGET 2027 | ₹238.50 |
| IREDA SHARE PRICE TARGET 2028 | ₹280.70 |
| IREDA SHARE PRICE TARGET 2029 | ₹350.00 |
| IREDA SHARE PRICE TARGET 2030 | ₹470.00 |
IREDA SHARE PRICE TARGET 2024:
With increased global demand for renewable energy solutions and favorable government policies, IREDA’s share price may experience steady growth. Anticipated technological advancements and sustainable project financing could attract green investors, potentially driving the share price higher.
| IREDA SHARE PRICE TARGET 2024 | Price |
| Target 1 | ₹150 |
| Target 2 | ₹179 |
IREDA SHARE PRICE TARGET 2025:
With sustained earnings growth and a stable dividend yield, investors might expect a positive trend in share valuation. A growing portfolio of successful funding projects could bolster confidence in the stock, leading to a rise in the share price target for this year.
| IREDA SHARE PRICE TARGET 2025 | Price |
| Target 1 | ₹185 |
| Target 2 | ₹196 |
IREDA SHARE PRICE TARGET 2026:
If IREDA continues to align with market trends such as decentralized energy generation, digitalization, and increased efficiency of renewable sources, it could reach new highs. Technical analysis might suggest an upward trajectory for share prices, reflecting robust financial health.
| IREDA SHARE PRICE TARGET 2026 | Price |
| Target 1 | ₹205 |
| Target 2 | ₹216 |
IREDA SHARE PRICE TARGET 2027:
IREDA may benefit from long-term policy initiatives that support renewable energy infrastructure, resulting in a promising P/E ratio that could enhance share value. The company’s commitment to innovation in funding solutions may also increase its stock price.
| IREDA SHARE PRICE TARGET 2027 | Price |
| Target 1 | ₹225 |
| Target 2 | ₹238 |
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IREDA SHARE PRICE TARGET 2028:
If green financing remains in favor and IREDA keeps its operational efficiency in check, the share price targets reflect considerable growth. The company’s financials, if showing consistent earnings growth, would significantly shape investor sentiment.
| IREDA SHARE PRICE TARGET 2028 | Price |
| Target 1 | ₹250 |
| Target 2 | ₹280 |
IREDA SHARE PRICE TARGET 2029:
IREDA’s strategic investments made throughout the decade will likely begin to mature, reflecting strong growth in share price targets. The company’s financial metrics will be essential in calculating these figures accurately.
| IREDA SHARE PRICE TARGET 2029 | Price |
| Target 1 | ₹320 |
| Target 2 | ₹350 |
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IREDA SHARE PRICE TARGET 2030:
A culmination of a decade’s worth of strategic growth, market positioning, and adherence to sustainability may set the stage for IREDA’s share price to thrive. IREDA’s share price target could reach an all-time high by consistently leveraging market trends and maintaining solid financial metrics.
| IREDA SHARE PRICE TARGET 2030 | Price |
| Target 1 | ₹380 |
| Target 2 | ₹470 |
Frequently Asked Questions (FAQ)
- What is IREDA?
- IREDA, or the Indian Renewable Energy Development Agency, is a government-owned financial institution promoting renewable energy in India. It provides loans and financial assistance for renewable energy and energy efficiency projects.
- What types of projects does IREDA finance?
- IREDA finances various renewable energy projects, including solar, wind, hydro, and biomass energy projects. It also supports energy efficiency initiatives to reduce carbon footprints and promote sustainable development.
- How does IREDA support renewable energy projects?
- Beyond providing financial assistance, IREDA offers consultancy, advisory, and promotional services to encourage the development of renewable energy projects. It is crucial to implement government policies to boost the renewable energy sector.
- Can individuals apply for financial assistance from IREDA?
- IREDA primarily provides financing to commercial and industrial renewable energy projects. Individuals looking for support in residential renewable energy projects may benefit from specific government-backed programs that IREDA advises on.
- How has IREDA contributed to the growth of renewable energy in India?
- Since its establishment in 1987, IREDA has financed over 4000 projects, significantly contributing to India’s renewable energy capacity.
CONCLUSION:
An eye on IREDA’s development and its strategic role in India’s energy sector may reveal unique opportunities for those looking to invest in the future of renewable energy. The company’s commitment to sustainability and India’s increasing demand for clean energy positions IREDA favorably in a market poised for substantial growth. By leveraging emerging technologies and expanding its project portfolio, IREDA contributes to environmental sustainability and offers attractive prospects for investors. In conclusion, as the world moves towards a greener future, the Indian Renewable Energy Development Agency stands as a testament to the potential of renewable energy investments, embodying a blend of profitability and responsibility towards a sustainable planet.
Disclaimer: The information provided in this document is for informational purposes only. All information in the document is provided in good faith. However, no representation or warranty of any information in this document. Readers should rely on more than just the information presented here and do their thorough research before making investment decisions. The document does not offer investment advice, and any financial investments should be made based on consultation with your financial advisor. The authors of this document are not responsible for any monetary losses or other damages caused by using the information contained herein.
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