IREDA SHARE PRICE is trading at ₹194 .This is a company run by the government of India with a market cap of ₹ 52,425 Cr. This is the first renewable energy company run by a government company with a promoter stake of more than 70%. IREDA The work is in the form of renewable energy as we know that in the coming future, a lot of emphasis has been given on renewable energy or the primary focus of the government is on the issue of renewable energy.
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| IREDA SHARE | click4investing.com |
|---|---|
| MARKET CAP | ₹ 562,425 Cr |
| HIGH/LOW | ₹ 196/50.00 |
| STOCK P/E | 60.5 |
| ROE | 14.4% |
| ROCE | 8.17% |
| DIVEDEND YIELD | 0.00% |
| BOOK VALUE | 0 |
| FACE VALUE | ₹ 10.00 |
ONE YEAR CHART OF IREDA SHARE PRICE
IMAGE SOURCE CREDIT : TRADING VIEW
SHARE HOLDINGS PATTERN OF IREDA SHARE PRICE
| HOLDINGS | DECEMBER 2023 |
|---|---|
| PROMOTERS | 75.00% |
| FIIS | 1.88% |
| DIIS | 4,37% |
| PUBLICS | 18.75% |
| GOVERNMENT | 75.00% |
MAJOR POINTS : IREDA SHARE PRICE(2024)
IREDA’s share was raised in INDIAN EXCHANGE as an IPO which was quite highly demanded. Its opening in both NSE or BSE exchanges was quite valuable. IREDA has got a MINI RATNA (category 1). IREDA’s share in the energy sector is huge.
IREDA will get a boost because IREDA has a lot of positive points because it has grown as a multi-begar stock. Because the biggest consumer of IREDA is the government itself or renewable energy producing is being done by the government itself, all this makes the stock of IREDA quite strong.
The company’s sales growth and reserves have increased significantly and the entry of fees and taxes makes it a more attractive investment
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PROS AND CONS OF IREDA SHARE PRICE
| PROS | CONS |
|---|---|
| * Company run by the government of India | * Return on equity less then 20% |
| * promoter stake of more than 70% |
IREDA SHARE PRICE (2024)
WIND ENERGY : The energy produced from wind by rotating the turbine engine of a windmill is called wind turbine energy/renewable energy. Wind turbine engine easily produces electricity and it does not cause any disturbance to our climate because of which the government is giving a lot of support to renewable energy projects.
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SOLAR ENERGY : When the rays of sunlight fall on the solar plate it produces current which is observed in the battery by the solar plate. This also comes under renewable energy, it does not cause any harm to nature, it can be considered as renewable energy.
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IREDA SHARE PRICE TARGET 2024 TO 2033
| YEAR | MINIMUM PRICE TARGET | MAXIMUM PRICE TARGET | AVERAGE PRICE TARGET |
|---|---|---|---|
| 2024 | ₹88.00 | ₹228.00 | ₹176.00 |
| 2025 | ₹212.00 | ₹294.00 | ₹231.00 |
| 2026 | ₹288.00 | ₹310.00 | ₹308.00 |
| 2027 | ₹301.00 | ₹367.00 | ₹332.00 |
| 2028 | ₹361.00 | ₹414.00 | ₹409.00 |
| 2029 | ₹402.00 | ₹499.00 | ₹487.00 |
| 2030 | ₹484.00 | ₹578.00 | ₹555.00 |
| 2031 | ₹567.00 | ₹654.00 | ₹631.00 |
| 2032 | ₹628.00 | ₹714.00 | ₹707.00 |
| 2033 | ₹706.00 | ₹805.00 | ₹798.00 |
FAQ :
- What is the full name of IREDA ?
- Full name of IREDA is Indian Renewable Energy Development Agency
- Is IREDA a Government company?
- IREDA has been awarded Mini Ratna , It is a public governance company.
- Is IREDA listed in India?
- Both segments of the Indian share market (NSE or BSE) are registered under IREDA Securities and Exchange Board of India.
- Will IREDA pay dividends?
- Yes ! IREDA pays dividend to its investors
- What does IREDA do?
- IREDA works in renewable energy projects. It produces electricity from hydro, wind turbine engines, solar plates.
CONCLUSION : Now in the current budget 2024, the government has made it clear that the government will pay more attention to renewable energy, hence the government is also giving awareness to the public about renewable energy through its scheme and is also advising them to install solar plates at home. Will electricity be generated everywhere or will the shortage of electricity be overcome. The government provide subsidies for it or production of electricity in every household generate employment.
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