IREDA Share Price Target 2024, 2025, 2030, 2040, 2050

The Indian Renewable Energy Development Agency Ltd. (NSE: IREDA) is an essential actor in India renewable energy project finance landscape.

The mission of the Independent Renewable Energy Development Agency (IREDA), a government run initiative, is to advance the use of alternative energy sources such as solar, wind, biomass, and hydropower. We will examine IREDA market performance and prospects to determine the expected share price objectives for 2024–2050.

What is Indian Renewable Energy Dev Agency Ltd NSE: IREDA?

The Indian government Ministry of New and Renewable Energy (MNRE) oversees IREDA, founded in 1987. The organization primary role is to back renewable energy projects financially via its status as an NBFC. Given IREDA critical role in helping India reach its renewable energy targets, the government owns 75% of the company. The agency strong stock market performance has garnered attention, particularly after its initial public offering (IPO) in 2023.

Company Name	Indian Renewable Energy Development Agency Ltd
Market Cap	₹284.26 Cr (As of July 2024)
P/E Ratio (TTM)	N/A
P/B Ratio	N/A
Industry P/E	N/A
Debt to Equity Ratio	N/A
ROE	N/A
EPS (TTM)	N/A
Dividend Yield	0.00%
52 Week High	₹310.00
52 Week Low	₹50.00
Book Value	N/A
Face Value	₹10
Official Website	IREDA

IREDA Share Price Target 2024

In 2024, IREDA is projected to have a target price of ₹316, with a range of ₹105 to ₹396. The growing importance of renewable energy sources in India and the agency current programs provide the basis for this forecast.

Year	Minimum Price	Maximum Price	Average Price
2024	₹105	₹396	₹316

Month (2024)	Minimum Target	Maximum Target
January	Rs 105	Rs 155
February	Rs 190	Rs 213
March	Rs 139	Rs 180
April	Rs 177	Rs 185
May	Rs 176	Rs 189
June	Rs 250	Rs 270
July	Rs 288	Rs 312
August	Rs 285	Rs 315
September	Rs 300	Rs 319
October	Rs 305	Rs 326
November	Rs 319	Rs 336
December	Rs 355	Rs 396

IREDA Share Price Target 2025

According to projections, the goal price in 2025 will range from 392 to 560 rupees, with an average of 461 rupees. The government pledge to increase investments in renewable energy and the agency plans for development are the main drivers of this growth.

Year	Minimum Price	Maximum Price	Average Price
2025	₹392	₹560	₹461

Month (2025)	Minimum Target	Maximum Target
January	Rs 392	Rs 406
February	Rs 402	Rs 416
March	Rs 407	Rs 417
April	Rs 413	Rs 425
May	Rs 419	Rs 427
June	Rs 421	Rs 433
July	Rs 428	Rs 438
August	Rs 430	Rs 455
September	Rs 443	Rs 459
October	Rs 451	Rs 467
November	Rs 471	Rs 495
December	Rs 515	Rs 560

IREDA Share Price Target 2030

Looking forward, the price objective for 2030 is estimated to be between 543 and 800 ₹, with an average of 671.50 ₹. The rising interest in renewable energy sources and IREDA strategic activities are expected to cause this substantial surge.

Year	Minimum Price	Maximum Price	Average Price
2030	₹543	₹800	₹671.50

Month (2030)	Minimum Target	Maximum Target
January	Rs 543	Rs 561
February	Rs 549	Rs 558
March	Rs 553	Rs 565
April	Rs 568	Rs 574
May	Rs 561	Rs 571
June	Rs 574	Rs 589
July	Rs 580	Rs 592
August	Rs 587	Rs 599
September	Rs 604	Rs 618
October	Rs 631	Rs 674
November	Rs 679	Rs 756
December	Rs 756	Rs 800

Share Price Target 2040

By 2040, the share price objective is anticipated to average 1,068.50 rupees, ranging from 937 to 1,200 rupees. The renewable energy sector ongoing expansion and IREDA involvement in funding large scale projects are reflected in this estimate.

Year	Minimum Price	Maximum Price	Average Price
2040	₹937	₹1,200	₹1,068.50

Share Price Target 2050

The predicted share price objective for 2050 is 1,750 Indian rupees, ranging from 1,500 to 2,000. This long term growth is anticipated because of IREDA persistent efforts to back renewable energy projects and the sector general development.

Year	Minimum Price	Maximum Price	Average Price
2050	₹1,500	₹2,000	₹1,750

Should I Buy IREDA Stock?

Investors have seen substantial returns because of IREDA stellar performance since its first public offering (IPO). People worldwide are looking for more sustainable energy alternatives, and the government correctly emphasizes renewable energy finance. However, prospective investors should consider the market stability before putting their money into the agency.

Indian Renewable Energy Dev Agency Ltd Earning Results

Profit after tax (PAT) increased by 30% yearly, while operating revenue increased by 32%, contributing to IREDA quarterly solid results report. These outcomes demonstrate the agency robust financial situation and ability to support renewable energy initiatives efficiently.

Expert Forecasts on the Future of Indian Renewable Energy Dev Agency Ltd.

Year	Minimum Price	Maximum Price	Average Price
2024	₹105	₹397	₹316
2025	₹392	₹560	₹461
2030	₹543	₹800	₹671.50
2040	₹937	₹1,200	₹1,068.50
2050	₹1,500	₹2,000	₹1,750

Thanks to the agency strategic efforts and the growing demand for renewable energy in India, analysts are hopeful about IREDA future. The highly anticipated Production Linked Incentive (PLI) plan is believed to significantly enhance IREDA development potential.

Is IREDA Stock Good to Buy? (Bull Case & Bear Case)

Bull Case:

• With the government backing and investment in the renewable energy industry on the rise, IREDA is in a solid position to take advantage of this trend.
• The agency remarkable profit figures and solid financial performance show that the company is stable.
• Analysts say the price may go up much more, perhaps hitting ₹350 soon.

Bear Case:

• The quick price gain since the IPO suggests that the stock could be overpriced.
• The success of IREDA may be affected by economic and market uncertainties.
• Be wary of any pullbacks, mainly if the stock can’t keep its upward pace.

Conclusion

IREDA offers an attractive renewable energy investment opportunity. Its favorable growth forecast, dedication to funding sustainable projects, and commanding market position put it in a prime position to capitalize on India surging demand for renewable energy. But, investors should keep a sharp eye on the market before making any investing choices.

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