IREDA STOCK PRICE
IREDA shares surge nearly 6% after sanctioned loans amount jumped nearly 5 times
Shares of the Indian Renewable Energy Development Agency (IREDA) surged 6% to reach the day’s high of Rs 202 on the BSE. This increase followed the company's announcement of significant year-on-year growth in its sanctioned loans by 382.62% and loan disbursements by 67.61%.
TRADERS’ CORNER: A stock from solar ecosystem for 9% upswing and tech platform company for 6% positional trade
Old sectors witnessing new momentum in select stocks.
GAIL, PNB, IREDA among PSU stocks that mutual funds exited before election results
Mutual funds sold shares in several PSU stocks in May ahead of the June 4 outcome with GAIL (India), Punjab National Bank (PNB), Power Finance Corporation (PFC), NHPC and Indian Renewable Energy Development Agency (IREDA) witnessing complete exit by individual mutual funds.
Unlisted shares offer terrific returns, but also carry very high risks; should you invest?
In the past decade, many Indians have embraced the equity culture and started investing in stocks and equity mutual funds. Some analysts feel that retail investors should put money in unlisted shares if they want outsized returns. Other financial advisers say retail investors should not dabble in unlisted shares for the simple reason that the risk they entail is not worth the rewards they offer.
Stock Radar | Time to buy? Base of IREDA stock is shifting higher from last 10 weeks: Shivangi Sarda
“With the entire PSE space in momentum, IREDA stock is on the verge of giving a consolidation breakout. Traders can buy for a target of Rs 200 in the next 2-3 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financia...
Stock Radar: Multibagger returns in less than 1 year! This green NBFC player is poised for continued growth
IREDA has rallied by about 190% since its November 2023 listing. After reaching 215 in February, the momentum in the stock fizzled out. It continued to drift lower and found support above 120 levels in March. The stock is trading well above most of the crucial moving averages such as 5,10,30,50 and 100-DMA on the daily charts.
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Government gains PSU muscle as stocks climb peaks
The value had touched a high of 22% of total market capitalisation of listed firms in June 2009, dropping to a low of 5.1% in September 2020 before doubling since then, according to data from primeinfobase.com. Re-ratings amid large valuation discounts, high dividend yields, record cash flows and news of possible privatisation triggered a sharp rally in public sector companies over the last three years.
Deepak Shenoy wants to buy LIC & BSE on further fall. Here’s why
Deepak Shenoy highlights market volatility driven by global dynamics and regulatory issues. He discusses the potential impacts of RBI norms on power financiers and analyzes Kotak Bank's income challenges post-RBI ban, emphasizing the importance of cautious optimism amidst uncertainties.
No harm in taking some money off the table in power finance companies, PSU banks: Gurmeet Chadha
Gurmeet Chadha suggests investments in tier II banks, good NBFCs like Poonawalla UGRO. He discusses impacts on stocks like PFC, REC, IREDA due to RBI norms. Chadha also mentions the excitement around Aadhar IPO and counter cyclical investments in various sectors.
PFC, REC shares fall up to 12%. CLSA says don't worry about impact of RBI norms
Shares of PSU financers PFC, REC, and IREDA tumbled up to 12% today as RBI raised provisioning requirements during the construction phase of projects from 0.4% to 5.0%. CLSA mentioned that while it doesn't anticipate an impact on the profit and loss account of PFC and REC, it could affect capital adequacy.
Smallcaps’ resilient show in April has 500 stocks offering double-digit returns. How to navigate May
The BSE smallcap index rallied nearly 10%, while the midcap index jumped over 7%. Within the smallcap space, over 500 stocks have delivered double-digit returns with the highest gain (Puravankara) going as high as 86%.
IREDA shares soar over 12% post attainment of Navratna status
PSUs are given a status from Maharatna companies, Navratna companies, and Miniratna companies. Navratna companies can invest up to Rs 1,000 crore without prior government approval.
IREDA shares hit 5% upper circuit after Q4 business update
"IREDA has recorded the highest ever loan sanctioned at Rs 37,354 crore, loan disbursement at Rs 25,089 crore during FY 2023-24. Loan Book stands at Rs 59,650 crore, a record growth of 26.71%," the company said in an exchange filing.
IREDA shares hit 5% upper circuit on fundraising plan
Shares of the state-owned Indian Renewable Energy Development Agency (IREDA) climbed 5% to hit an upper circuit at Rs 138.6 on BSE after the firm declared plans to raise Rs 24,200 crore in FY 2024-25 through borrowing.
As largest pure play green financier, what is the long-term road ahead for IREDA? Pradip Kumar Das answers
IREDA, led by Pradip Kumar Das, showcases significant growth in renewable energy. They focus on solar, alternative sources, and aim to explore new areas like pump storage and green hydrogen. Despite challenges in financing, their commitment to sustainable solutions remains strong. Das says: "As a responsible entity, we will continue to give our performance and best quality corporate governance standard which we are doing."
IREDA shares tank 14% in three sessions. What should you do?
IREDA stock has been on a course correction since hitting its all-time high of Rs 214.80 on the NSE on Tuesday, February 6. Today's price action was accompanied by strong volume action with more than 27.39 lakh shares changing hands around 11:20 am.
Energy stocks gain up to 8% led by IOC, IREDA, and others. Here's why
The Nifty Oil & Gas index hit a fresh 52-week high for the second session in a row. It hit a peak of 11,368.30 as 9 out of 15 stocks in the index were trading in the green.
Energy stocks gain up to 10% led by BPCL, RIL, IREDA. Here's why
Renewable energy stocks were also in action since a slew of announcements by Finance Minister Nirmala Sithraman in her last budget of the Modi 2.0 government. Shares of Indian Renewable Energy Development Agency (IREDA), Waaree Renewable, Gensol Engineering, KPI Green Energy and Inox Wind were up 5% each.
BHEL, Mamaearth and IREDA likely to make the cut in these MSCI indices
The expected inflows are to the tune of $591 million with PNB accounting for the lion’s share at $154 million followed by BHEL ($152 million), NMDC ($145 million) and Union Bank ($140 million), the Nuvama report said.
Multibagger! IREDA shares climb 5% on signing green power co-finance deal with Indian Overseas Bank
IREDA shares rose 5% after partnership with IOB to co-finance renewable energy projects. As per Trendlyne data, the average target price of the stock is Rs 80, which shows a downside of 35% from the current market prices. The consensus recommendation from one analyst for the stock is a 'Strong Sell'.
Multibagger! IREDA shares hit 20% upper circuit to triple from IPO issue price
With Tuesday's rally, IREDA's market cap crossed the Rs 26,000 crore mark. The stock has tripled from its issue price of Rs 32 in just ten days of listing. The stock went public on November 29, ending at 87.5% higher than its issue price.
IREDA chief expects navratna status soon, not worried about REC, PFC competition
“We are a Government of India company and getting navratna status is the Government of India's process. We are meeting all the criteria and I believe that the recent meeting was quite satisfactory. Since it is the Government of India's internal process and decision, I will not divulge what we have discussed there. We are hopeful that the process will get completed soon”.
I see greater opportunity in largecap banks rather than chasing IPOs at high prices: Hemang Jani
“Typically when we see this kind of an exuberance and when the IPO listing happens at a much higher price than what people would have thought, this kind of a momentum is not great news for people who are looking to buy into the market having some sort of a missed out feeling. I would certainly say that let us not get too gung-ho on what is happening in the IPO market.”
IREDA shares rally 15% to double from IPO issue price in two days
The total gains in the two sessions stand at 115% over the issue price. The price action was aptly supported by volume action with over 14.46 crore shares changing hands on the NSE around 10 am.
Use dips to buy IREDA and do a SIP for next 6 months: Sanjiv Bhasin
“If you failed to get allocations in IREDA, I would suggest doing a SIP for the next six months. Buy some now, buy some on declines and keep buying every month. It depends on your duration as an investor. The short-term traders will have made a killing. But the longer-term play is still to be invested in power lenders because they have never had it so good.”
By 2030, for adding renewable energy, Rs 12 lakh crore will be needed from the NBFC space: IREDA chief
"Till 2030, we envisage another 320 gigawatt of capacity addition in the renewable itself will be there. This will require around Rs 30-32 lakh crores of investment in the country. If you take 75-25 debt equity, it means roughly Rs 24 lakh crore of investment from the debt market is required. If you take 50-50 debt from NBFCs and others, around Rs 12 lakh crore will be needed from the NBFC space in which IREDA, REC, PFC are going to play a very major role."
IREDA trumps Street expectations with a robust debut. Is it a good long-term bet?
Despite solid listing gains, analysts are quite bullish on the stock from a long-term perspective. With India's ambitious renewable energy goals, they believe IREDA is well positioned to benefit from the opportunities in this space.
Solid Start! IREDA shares list at 56% premium over IPO price
Ahead of the listing, IREDA shares traded at a premium of Rs 12.25 in the unlisted market. The IPO received an overwhelming response from investors, having been oversubscribed by 38.8 times, reflecting investor sentiment about the company's strong fundamentals and growth potential. Analysts believe India has ambitious renewable energy goals and IREDA is well positioned as the largest green financing NBFC to tap into the rapidly expanding sector growth.
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