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

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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 NameIndian Renewable Energy Development Agency Ltd
Market Cap₹284.26 Cr (As of July 2024)
P/E Ratio (TTM)N/A
P/B RatioN/A
Industry P/EN/A
Debt to Equity RatioN/A
ROEN/A
EPS (TTM)N/A
Dividend Yield0.00%
52 Week High₹310.00
52 Week Low₹50.00
Book ValueN/A
Face Value₹10
Official WebsiteIREDA

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.

YearMinimum PriceMaximum PriceAverage Price
2024₹105₹396₹316
Month (2024)Minimum TargetMaximum Target 
JanuaryRs 105Rs 155
FebruaryRs 190Rs 213
MarchRs 139Rs 180
AprilRs 177Rs 185
MayRs 176Rs 189
JuneRs 250Rs 270
JulyRs 288Rs 312
AugustRs 285Rs 315
SeptemberRs 300Rs 319
OctoberRs 305Rs 326
NovemberRs 319Rs 336
DecemberRs 355Rs 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.

YearMinimum PriceMaximum PriceAverage Price
2025₹392₹560₹461
Month (2025)Minimum TargetMaximum Target 
JanuaryRs 392Rs 406
FebruaryRs 402Rs 416
MarchRs 407Rs 417
AprilRs 413Rs 425
MayRs 419Rs 427
JuneRs 421Rs 433
JulyRs 428Rs 438
AugustRs 430Rs 455
SeptemberRs 443Rs 459
OctoberRs 451Rs 467
NovemberRs 471Rs 495
DecemberRs 515Rs 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.

YearMinimum PriceMaximum PriceAverage Price
2030₹543₹800₹671.50
Month (2030)Minimum TargetMaximum Target 
JanuaryRs 543Rs 561
FebruaryRs 549Rs 558
MarchRs 553Rs 565
AprilRs 568Rs 574
MayRs 561Rs 571
JuneRs 574Rs 589
JulyRs 580Rs 592
AugustRs 587Rs 599
SeptemberRs 604Rs 618
OctoberRs 631Rs 674
NovemberRs 679Rs 756
DecemberRs 756Rs 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.

YearMinimum PriceMaximum PriceAverage 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.

YearMinimum PriceMaximum PriceAverage 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.

YearMinimum PriceMaximum PriceAverage 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.

FAQs

IREDA, the Indian Renewable Energy Development Agency Ltd, is a government run initiative that helps fund renewable energy projects in India.

As of July 2024, the market capitalization of IREDA is approximately ₹284.26 crore.

In 2025, analysts predict that IREDA share price will range from 292 to 350 rupees, with an average of 321 rupees.

IREDA is a promising investment option due to its impressive track record and promising future development. Market circumstances and the agency financial stability are important factors for investors to examine.

Critical reasons include strong financial performance, deliberate efforts to increase its market share, and growing government backing for renewable energy.

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