IREDA Share News: The shares of Indian Renewable Energy Development Agency (IREDA) have experienced massive corrections in the past few days amid broader market challenges. The stock price continued to fall and closed at Rs 175 on NSE. IREDA stock has dropped nearly 8% in the last 5 trading sessions. During this market Sell-off, market experts have given impactful insights on IREDA that might help investors. Check details.
IREDA Share Price NSE
With the Indian stock market falling continuously for the third straight session, many stocks including IREDA have declined. IREDA shares declined 0.84% from the previous closed price. In the last month, the stock has declined by 12.45% and nearly 21% this year so far. IREDA Shares have a 52-week high of Rs 310 and 52-week low Rs 121.05.
IREDA Technical Analysis
The shares of IREDA is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages which indicates a bearish trend in its price action. In the last one month, the stock has declined by 12.45%, while the broader Sensex index has only seen a modest decrease around 1.90%. These performance indicators highlight the ongoing struggles faced by IREDA in the current market environment.
Also Read: IREDA Share Price Target From Tomorrow to 2050
Experts Take on IREDA
Market Expert Kush Ghodasara responded to a question concerning the continuous downfall of Indian Renewable Energy Development Agency (NSE: IREDA) Ltd. He said that investor sentiment in the renewable industry is being negatively impacted by US President Donald Trump’s tariff concerns. IREDA and other sector-specific stocks are declining since certain segments of these renewable energy sectors are the ones that India exports the most.
Additionally, he also said that IREDA is a very good investment, too. The stock has performed good since its IPO debut and the correction is also decent. Those who holds IREDA shares should aim for an average at around Rs 160 level. IREDA Shares are currently trading nearly 44% below from its peak price level Rs 310.
IREDA Q3 Results
Talking about the financial performance, Indian Renewable Energy Development Agency (IREDA) reported a 26.8% YoY growth in its net profit for Q3FY25. Net Profit of the company increased to Rs 425.4 crore in Q3FY25 while it was Rs 335.5 crore in the same corresponding period last year.
Additionally, net interest income of IREDA grew by 39% YoY to Rs 622.30 crore compared to Rs 448.10 crore in the last year. There’s a 35.6% Increase in Revenue from operations to Rs 1,698.45 crore compared to Rs 1,252.85 crores in the last year.
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