IREDA Share Price Target 2024, 2025, 2026, 2030, 2040

In this article, we are going to tell you in detail about Bajaj Auto share price target 2024, 2025, 2030, 2040, 2050. Today we will know in detail about the overall development and performance of Bajaj Auto company. 

(IREDA) is a Public Sector Undertaking (PSU) of the Government of India for renewable energy development. This share price forecast is going to be based on the past performance and fundamental analysis of the IREDA share price. The current market price of IREDA share in Indian Rupees as on 06 June 2024 is ₹178.40.

IREDA, a PSU company of the Government of India, was listed in the stock market in 2023. REDA stock has performed very well in recent times and has given good returns to the investors who invested in this stock. IREDA stock has touched its 52-week high price of ₹ 214.80 and 52-week low price of ₹ 50.

Overview of IREDA Company 

(IREDA) Renewable Energy Development Agency Limited Company of the Government of India is a government-owned financial institution that seeks to promote and finance ongoing renewable energy projects in the country. (IREDA) was established in 1987. Company works under the administrative control of the Ministry of New and Standard Energy (MNRE).

Key Functions of The Company

1. Providing financial assistance 

• IREDA Company provides loans and financial assistance for all types of projects related to renewable energy sources such as wind, hydro, solar and biomass.
• IREDA also supports projects related to energy efficiency and conservation.

2. Company promotional activities 

• To facilitate the development and commercialization of new and renewable sources of energy.
• To encourage projects using clean and renewable energy technologies.

3. Renewable energy policy implementation 

• To work in accordance with all the policies and schemes of the Ministry of New and Renewable Energy to continuously promote the development of renewable energy.

4. Capacity building awareness

• Includes organizing training, workshops and seminars from time to time to spread awareness about renewable energy technologies.

IREDA share price target 2024

The share price of IREDA may Ups & Down. According to our analysis levels, the minimum price of IREDA share in 2024 can be ₹180.40 and the maximum price can be ₹194.20.

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IREDA share price target 2025

The share price of IREDA may Ups & Down. According to our analysis levels, the minimum price of IREDA share in 2025 can be ₹196.23 and the maximum price can be ₹212.30.

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IREDA share price target 2026

The share price of IREDA may Ups & Down. According to our analysis levels, the minimum price of IREDA share in 2026 can be ₹209.65 and the maximum price can be ₹244.95.

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IREDA share price target 2027

The share price of IREDA may Ups & Down. According to our analysis levels, the minimum price of IREDA share in 2027 can be ₹246.50 and the maximum price can be ₹267.05.

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IREDA share price target 2030

The share price of IREDA may Ups & Down. According to our analysis levels, the minimum price of IREDA share in 2030 can be ₹328.54 and the maximum price can be ₹355.30.

IREDA share price target 2040

The share price of IREDA may Ups & Down. According to our analysis levels, the minimum price of IREDA share in 2040 can be ₹620.30 and the maximum price can be ₹669.85.

Company Fundamentals Data

IREDA Shareholding Pattern

IREDA Financial Reports

Check the company’s financial performance: –

1. Revenue and Profitability

•  Assess the historical revenue growth, profitability and profit margins of IREDA stock.
• Keep an eye on any changes in net income, company operating income and financial performance.

2. Check the company’s balance sheet strength

• Evaluate the company’s assets, liabilities and share price.
• Pay attention to the debt-to-equity ratio and interest ratio and check their management.

3. Check Company Cash Flow 

• Analyze all the statements carefully to understand the cash flow of IREDA company.
• Properly check the cash flow of the company’s operations and see how it is being used properly or not.
• Understand the market and industry situation

4. Renewable energy sector outlook 

• Consider the growth prospects in the renewable energy sector in India and around the world.
• Keep an eye on government policies, incentives and subsidies supporting renewable energy projects.

5. Understand the competition in the sector

• Keep an eye on IREDA’s major competitors in the market.
• Understand government and regulatory decisions .

6. Government Policy Support

• Make sure to evaluate all current and future government policies related to renewable energy.
• Understand the impact of any regulatory changes on IREDA’s operations and profitability.

7. Environmental regulation rule changes

• Consider how any environmental laws and regulations may affect IREDA’s projects and financial health.
• What are the company specific factors?.

8. Check the company management quality

• Pay special attention to the track record of the management team of IREDA.
• Assess their experience and success in the renewable energy sector so far.

9. Company Strategic Initiatives

• IREDA should keep a close eye on the company’s strategic plans for growth and expansion.
•  Evaluate any new projects, partnerships or technology changes Financial Health and Risks.

10. Company Credit Rating 

• Check IREDA’s credit rating from reputed credit rating agencies across the world.
• If the company gets a good credit rating, the company will have a low default risk.

11. IREDA Stock Risk Factors

• Includes market risks such as credit risk, company operational risk and any sector-specific risks .

12. Historical Stock Performance

•  Review IREDA’s stock performance.
• Compare it with industry benchmarks and indices.

13. Check Valuation Metrics

• Analyze valuation metrics such as price-to-earnings (P/E) ratio, price-to-book (P/B) ratio and earnings per share (EPS).
• Compare these current metrics with industry peers.

14. Dividend yield

• Check if IREDA pays dividends and how consistent the dividend payout is.
• Assess the dividend yield in relation to the stock price and overall returns.

15. Investor sentiment

• Assess market sentiment by looking at TV news, analyst reports and stock market trends.
•  Keep an eye on the opinions and recommendations of financial analysts covering this stock.

16. Institutional ownership

• Take a good look at the level of institutional ownership in IREDA.
• High institutional (such as mutual fund) ownership indicates confidence in the company’s prospects.

17. Economic conditions

• Consider the macroeconomic environment, including interest rates, inflation and economic growth.
• Understand how these factors can affect IREDA’s business and stock performance.

How To Buy IREDA Share?

To buy Bajaj Auto shares, you can easily buy shares of Bajaj Auto by using the trading platform of many stock brokers.

The names of most trading platforms for buying Bajaj Auto shares are given below.

1. Groww App
2. Phonepe. Share Market App
3. Angel One App
4. Dhan App
5. Upstox App
6. Zerodha App

Conclusion IREDA Stock Share Price Target

The IREDA share price target price given above is only a guidance estimate. We do not recommend any kind of purchase or sale. The target price of IREDA share price may be more or less depending on the fluctuations in the stock market.

(Disclaimer :- The above article is for informational purposes only, and should not be construed as any investment advice. Money Mint idea suggests its readers/viewers to consult their financial advisors before making any money-related decisions.)