IREDA Share Price Target 2024 to 2030: IREDA, the Indian Renewable Energy Development Agency, has solidified its position as a key player in India’s renewable energy sector. Its market capitalization stands at ₹70.55K crore, reflecting its impressive performance. Recognized for funding renewable energy initiatives, IREDA plays a crucial role in India’s shift towards sustainable energy sources, a shift reflected in its stock performance. This piece offers an extensive examination of IREDA’s stock forecast for the period spanning 2024 to 2030, considering market dynamics, institutional backing, and emerging prospects.
IREDA Share Price Target
IREDA Share Price Target 2024 to 2030: 2024 ₹396, 2025 ₹560, 2026 ₹636, 2027 ₹745, 2028 ₹890, 2029 ₹1056, 2030 ₹1254.
IREDA Share Price Target 2024 to 2030:
Based on the present day-day marketplace developments, institutional investments, and the company’s performance, the subsequent is the projected share charge aim for IREDA from 2024 to 2030:
|
YEAR |
SHARE PRICE TARGET |
|
2024 |
₹396 |
|
2025 |
₹560 |
|
2026 |
₹636 |
|
2027 |
₹745 |
|
2028 |
₹890 |
|
2029 |
₹1056 |
|
2030 |
₹1254 |
IREDA Share Price Target from 2024, 2025, 2026, 2027, 2028, 2029 to 2030
IREDA’s Share Price Targets for the years 2024 to 2030 are as follows: 2024 ₹396, 2025 ₹560, 2026 ₹636, 2027 ₹745, 2028 ₹890, 2029 ₹1056, 2030 ₹1254.
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IREDA Share Price 2024: ₹396
In 2024, it is anticipated that IREDA’s Share Price will experience a period of consolidation, with the company’s stock expected to reach ₹396 by the end of the year, indicating a consistent growth pattern. This growth is likely to be fueled by ongoing investments in renewable energy projects and the increasing global emphasis on sustainability.
IREDA Share Price 2025: ₹560
It is expected that IREDA Share Price will increase by 2025, reaching ₹560, driven by the momentum in the renewable energy sector and ongoing financing of large-scale projects by IREDA. The company’s strong market position and increasing institutional interest are likely to play a significant role in this growth.
IREDA Share Price 2026: ₹636
IREDA Share Price is expected to benefit ₹636 in 2026 due to the continuous growth of renewable energy infrastructure, favorable government policies, increased foreign investments, and potential strategic partnerships, which are likely to boost the stock’s overall performance.
IREDA Share Price 2027: ₹745
In 2027, it is anticipated that IREDA Share Price will increase to ₹745. This growth is likely a result of the company’s continued participation in large-scale renewable energy projects and its solid financial performance. With the rising global demand for clean energy, IREDA’s role in funding these projects is expected to become increasingly significant.
IREDA Share Price 2028: ₹890
IREDA Share Price 2028: Strong Market Position: IREDA Share Price is expected to reach ₹890 by 2028, driven by its strong market position and proficiency in financing renewable energy. The increasing use of clean energy and potential new government projects are also expected to boost IREDA’s market value.
IREDA Share Price 2029: ₹1056
IREDA Share Price is expected to reach ₹1056 in 2029, driven by the growth of the renewable energy sector and the company’s investments in new projects. Adaptability to market changes and strong financial position are crucial for its success.
IREDA Share Price 2030: ₹1254
IREDA’s stock price is expected to reach ₹1254 by 2030, reflecting a significant milestone for the company. This surge is likely to be fueled by the increasing global demand for renewable energy, along with IREDA’s consistent leadership in the sector. As the world transitions towards a more sustainable future, IREDA’s role in funding renewable energy projects is expected to become even more crucial, further boosting its market value.
Current Market Overview For IREDA Share Price
During the most recent trading session, IREDA’s stock opened at ₹246.00, rose to a high of ₹265.70, dropped to a low of ₹246.00, and closed at ₹262.40. This represents a significant increase of ₹202.40 (337.33%) over the past year, highlighting the bullish trend of the stock. The company’s price-to-earnings (P/E) ratio is 49.36, signaling high growth expectations even though it currently does not offer a dividend yield. With a 52-week high of ₹310.00 and a low of ₹50.00, the stock demonstrates both volatility and potential for growth.
- Open: 246.00
- High: 265.70
- Low: 246.00
- Mkt cap: 70.55KCr
- P/E ratio: 49.36
- Div yield: N/A
- 52-wk high: 310.00
- 52-wk low: 50.00
Shareholding Pattern For IREDA Share Price
Analyzing the shareholding pattern is essential for making well-informed predictions about IREDA’s future stock performance. The majority of shares, totaling 75.00%, are owned by promoters, indicating their strong belief in the company’s potential. Retail and individual investors possess 21.88% of the shares, showcasing significant interest from a diverse investor base. Foreign Institutional Investors (FII) and Foreign Portfolio Investors (FPI) have boosted their ownership from 1.36% to 2.70% in the June 2024 quarter, with the number of FII/FPI investors rising from 80 to 118.
This increase signals a growing global interest in IREDA, likely due to the expansion of India’s renewable energy sector and IREDA’s crucial role in funding such projects. Conversely, mutual funds have decreased their holdings from 0.53% to 0.24%, and the number of mutual fund schemes has dropped from 9 to 4. This reduction could be due to profit-taking or asset reallocation to other sectors. Nevertheless, institutional investors have raised their holdings from 2.31% to 3.12%, highlighting their sustained confidence in the company’s stock.
- Promoters: 75.00%
- Retail And Others: 21.88%
- Foreign Institutions: 2.70%
- Mutual Funds: 0.24%
- Other Domestic Institutions: 0.18%
Factors Influencing IREDA Share Price
Government Policies Impacting IREDA Share Price: The influence of government obligations and regulations supporting renewable energy will be pivotal in propelling IREDA’s growth. The company’s ability to leverage these policies will be a determining factor in its success.
Global Demand for Renewable Energy Affecting IREDA Share Price: The increasing worldwide demand for clean energy is likely to boost IREDA’s market value. As more countries embrace renewable energy technologies, IREDA’s role in financing these initiatives becomes increasingly vital.
Institutional Investments Driving IREDA Share Price: The rising interest from institutional investors, particularly foreign entities, is expected to drive up IREDA’s stock price. The company’s capability to attract and retain these investors will be crucial for its growth trajectory.
Financial Performance Impact on IREDA Share Price: IREDA’s financial performance, including revenue growth, profitability, and return on investment, will be critical in determining its stock value. The company’s ability to deliver consistent returns to its shareholders will be essential in maintaining its market price.
Technological Advancements Influencing IREDA Share Price: The integration of new technologies in the renewable energy sector is likely to impact IREDA’s share price. The company’s ability to stay ahead of the technological curve and invest in cutting-edge technology will be crucial in preserving its competitive edge.
Market Sentiment and IREDA Share Price: Investor sentiment and market conditions will also significantly influence IREDA’s stock price. The company’s capacity to navigate market fluctuations and uphold investor confidence will be key to its success.
For further information, please visit the official website.: https://www.ireda.in/home
