Indian Renewable Energy Development Agency Ltd

(IREDA)

India's Renewable Energy Investment Needs by 2030 - 21 Oct, 2024

IREDA's CMD Pradip Kumar Das stated that India will require approximately Rs 32 lakh crore investment in renewable energy by 2030 to achieve its targets.

IREDA Market Cap Declines by ₹552.45 Crore - 17 Oct, 2024

On October 17, 2024, IREDA's stock fell by 0.93% to ₹219.05, resulting in a market cap loss of ₹552.45 crore. The stock remains volatile amid ongoing market conditions, with a 52-week high of ₹310.00 and a low of ₹50.00.

IREDA Shows Potential for Positive Momentum - 15 Oct, 2024

IREDA closed at Rs 222.75, up 0.54%. The stock is at a resistance zone of Rs 240, with a recommended stoploss at Rs 210 and Rs 205. A breakout could indicate positive momentum.

IREDA Launches Retail Subsidiary for Renewable Energy - 14 Oct, 2024

IREDA has received approval to establish a wholly-owned retail subsidiary aimed at renewable energy ventures. The company also reported significant profit growth and reduced net NPA.

IREDA Reports Strong Earnings and New Subsidiary Approval - 11 Oct, 2024

IREDA's Q2 FY25 net profit surged 36% YoY to Rs 388 crore, with revenue up 38%. The company received approval to establish a retail subsidiary, anticipating steady growth in loan sanctions and operations.

IREDA Reports Strong Q2 Results and New Subsidiary - 10 Oct, 2024

Indian Renewable Energy Development Agency (IREDA) reported a 36.18% YoY increase in net profit for Q2 FY25, reaching Rs 387.75 crore. The company also received approval to establish a wholly owned subsidiary for retail business in renewable energy. Despite strong revenue growth, profit fell short of analyst expectations.

IREDA Shows Bullish Signals Near Support Zone - 09 Oct, 2024

IREDA has formed a bullish engulfing candle near its support zone at the 100 SMA, indicating a potential pullback. The first resistance is at Rs 240, with further gains possible towards Rs 265. The Rs 203-200 range is identified as a key demand zone.

IREDA Shares Recover After Four-Day Decline - 08 Oct, 2024

IREDA shares rose 6.5% on October 8, 2024, ending a four-day losing streak. Despite this recovery, the stock remains down 30% from its peak. Loan sanctions increased by 303%, indicating strong performance, but the stock is trading below key moving averages.

IREDA Shares Decline Despite Strong Yearly Gains - 07 Oct, 2024

IREDA shares fell 0.8% in early trade on October 7, 2024. Despite this decline, the stock has surged nearly 270% over the past year, marking it as a multi-bagger in the renewable finance sector.

IREDA Reports Strong Loan Growth Amid Q2 Results - 05 Oct, 2024

IREDA announced a significant 303% increase in loan sanctions for H1 FY2025, reaching Rs 17,860 crore. The company will report Q2 results on October 10, 2024, with dividend announcements still uncertain.

IREDA Stock Faces Correction Amid Strong Returns - 02 Oct, 2024

IREDA shares have corrected over 34% from their record high of Rs 310, closing at Rs 230.91. Despite this, the stock has delivered significant returns in 2024, with a 120.5% increase year-to-date. Experts suggest a potential support level between Rs 230 and Rs 240, with a target of Rs 280-290 in the next three months.

IREDA Reports Significant Growth in Loan Sanctions - 01 Oct, 2024

IREDA announced a remarkable 303% increase in loan sanctions to ₹17,860 crore for the first half of FY 2024. Loan disbursements also rose by 56% to ₹9,787 crore. Despite this growth, shares slipped 1.73% on October 1, 2024. The company plans to raise ₹4,500 crore through equity issuance to enhance its capital base.

Mixed Reactions to IREDA's Inclusion in ASM Framework - 23 Sep, 2024

Indian Renewable Energy Development Agency Ltd (IREDA) is now part of the long-term Additional Surveillance Measure (ASM) framework, leading to mixed market reactions. The stock faced a decline of 0.77% in early trading.