IREDA Share Price : On Tuesday, 18 February 2025, shares of Indian Renewable Energy Development Agency (IREDA), a government-owned company operating in the renewable energy sector, witnessed a significant decline. The stock fell by over 4% during the trading session, hitting an intraday low of ₹158.40. Despite opening higher at ₹167.15, the stock struggled to maintain its momentum amid broader market weakness.
IREDA Share Price Performance
IREDA shares opened at ₹167.15, marking an intraday high, but quickly lost ground, closing at ₹159.88 on the BSE Sensex, down 3.38% from the previous close. Over the past week, the stock has fallen by nearly 10%, and over the past month, it has declined by over 22%, reflecting the ongoing challenges in the renewable energy sector.
Key Metrics for IREDA
Market Cap: IREDA’s market capitalization decreased to ₹45,356 crore during Tuesday’s trading session.
P/E Ratio: The company’s Price-to-Earnings (P/E) ratio stands at 29.6, indicating its valuation in the market.
Outstanding Debt: As of 17 February 2025, IREDA has a total outstanding debt of ₹54,639 crore, highlighting its financial obligations.
Market Expert Insights(IREDA Share Price)
According to market experts, the stock has an immediate support level around ₹165, and it is currently trading near ₹160. If the stock breaks below this level, further declines toward ₹155-150 are possible. Investors are advised to hold the stock with a support level of ₹150. On the upside, if the stock holds this support, it could potentially rebound to ₹235.
IREDA Share Price Range
On Tuesday, IREDA shares traded in the range of ₹161.87 to ₹170.66, closing at ₹167.02, a 0.68% decline from the previous close. This performance reflects the ongoing volatility in the renewable energy sector and the broader market.
Historical Performance
- 5-Day Return: -6.28%
- 1-Month Return: -19.13%
- 6-Month Return: -31.56%
- 1-Year Return: -6.09%
- Year-to-Date (YTD) Return: -24.39%
Comparative Analysis
- YTD Return: -22.42% (compared to -3.39% for the S&P BSE Sensex).
- 1-Year Return: -6.15% (compared to +4.23% for the S&P BSE Sensex).
- 3-Year Return: +234.00% (compared to +30.39% for the S&P BSE Sensex).
- 5-Year Return: +234.00% (compared to +83.86% for the S&P BSE Sensex).
While IREDA’s share price experienced a dip on 18 February 2025, the company’s long-term growth potential in the renewable energy sector remains strong. Investors should monitor key metrics like debt levels, market cap trends, and sector developments to make informed decisions.
Stay tuned for more updates on IREDA and the latest trends in the stock market!
Disclaimer: This article is for information only. It should not be considered as investment advice in any way. Investment in the stock market is based on risk. Before investing in the stock market, definitely consult your financial advisor. bindaasbola.com will not be responsible for any financial loss.
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