IREDA Share Price Target From 2024 to 2030

The Indian Renewable Energy Development Agency (IREDA) is a prominent player in India’s renewable energy sector. With its robust market capitalization of ₹54.45K crore, IREDA has demonstrated exceptional growth. As the world leans toward sustainable energy, the company’s role in financing renewable energy projects has gained recognition, reflected in its share price performance. This article presents a detailed analysis of IREDA's share price targets from 2024 to 2030, considering market trends, institutional holdings, and future opportunities.

Current Market Overview for IREDA Share Price

IREDA’s stock is witnessing substantial momentum, indicative of its potential in the renewable energy space. Below is a snapshot of its current market overview:

• Open: ₹205.50
• High: ₹205.95
• Low: ₹201.48
• Market Capitalization: ₹54.45K Cr
• P/E Ratio: 36.82
• Dividend Yield: N/A
• 52-Week High: ₹310.00
• 52-Week Low: ₹50.00

The stock's 52-week range highlights its volatility but also the significant potential for growth. Its P/E ratio reflects high growth expectations, although the absence of a dividend yield might deter income-focused investors.

Shareholding Pattern for IREDA Share Price

Understanding the shareholding composition offers insights into the company’s stability and future prospects. Below is the detailed shareholding breakdown:

• Promoters: 75.00%
• Retail and Others: 21.88%
• Foreign Institutions (FII/FPI): 2.70%
• Mutual Funds: 0.24%
• Other Domestic Institutions: 0.18%

Key Insights:

1. Promoters' Holding: At 75%, this signifies strong confidence from the promoters in the company’s future potential.
2. Retail and Institutional Interest: Retail investors hold a significant chunk (21.88%), while institutional interest is growing, especially from foreign investors.
3. Foreign Institutional Investors (FII/FPI): Their holdings increased from 1.36% to 2.70% in the June 2024 quarter, with the number of FII/FPI investors rising from 80 to 118.
4. Mutual Funds: Mutual fund holdings have decreased slightly, from 0.53% to 0.24%. This may be due to profit booking or reallocation of funds.

IREDA Share Price Target from 2024 to 2030

Here are the projected share price targets for IREDA for the next seven years based on market trends, institutional investments, and company performance:

Year-wise Analysis of IREDA Share Price Targets

IREDA Share Price 2024: A Year of Consolidation

The share price is expected to reach ₹326 by the end of 2024. This growth is likely driven by consistent investments in renewable energy projects and increasing global attention toward sustainability.

IREDA Share Price 2025: Accelerated Growth

By 2025, the share price is projected to reach ₹560, reflecting accelerated growth. Factors such as rising demand for renewable energy and IREDA’s strong position in financing large-scale projects will drive this momentum.

IREDA Share Price 2026: Crossing New Milestones

In 2026, the share price is estimated at ₹636. Continued expansion of renewable energy infrastructure, favorable government policies, and possible strategic partnerships will likely propel this growth.

IREDA Share Price 2027: Sustained Growth

The share price is expected to rise to ₹745 in 2027. This sustained growth will be fueled by the company’s involvement in major renewable energy initiatives and its strong financial performance.

IREDA Share Price 2028: Strengthened Market Position

By 2028, the share price is projected to reach ₹890. IREDA’s dominance in renewable energy financing, combined with increased adoption of clean energy technologies, will reinforce its market value.

IREDA Share Price 2029: Continued Expansion

The share price is likely to hit ₹1,056 in 2029. As renewable energy continues to expand, IREDA’s investments in new projects and its ability to adapt to market changes will play a crucial role.

IREDA Share Price 2030: Achieving New Heights

By 2030, the share price is anticipated to reach ₹1,254, marking significant growth. With a growing global demand for renewable energy and IREDA’s leadership in the sector, the company is well-positioned for long-term success.

Factors Influencing IREDA Share Price

Several factors will impact IREDA’s share price in the coming years:

1. Government Policies: Supportive policies promoting renewable energy will be crucial for IREDA’s growth.
2. Global Demand: Increasing global adoption of renewable energy technologies will boost IREDA’s market value.
3. Institutional Investments: The growing interest from foreign and domestic institutions is likely to drive share price growth.
4. Financial Performance: Consistent revenue growth, profitability, and ROI will play a critical role in determining market sentiment.
5. Technological Advancements: Investments in cutting-edge renewable energy technologies will enhance IREDA’s competitiveness.
6. Market Sentiment: Investor confidence and broader market conditions will also influence the share price trajectory.

FAQs on IREDA Share Price

1. What is the expected share price of IREDA in 2024?
   The expected share price for 2024 is ₹326.

2. How has IREDA’s stock performed in the past year?
   The share price has surged by ₹202.68 (237.80%) in the past year, reflecting remarkable growth.

3. What is the current market cap of IREDA?
   The current market capitalization is ₹54.45K crore.

4. What is the projected share price for 2030?
   The share price for 2030 is projected to be ₹1,254.

5. What role does IREDA play in renewable energy?
   IREDA finances renewable energy projects, playing a pivotal role in India’s transition to sustainable energy.

6. What are the key factors driving IREDA’s growth?
   Key factors include supportive government policies, growing global demand for renewable energy, increased institutional investments, and technological advancements.

Conclusion

IREDA is poised for significant growth from 2024 to 2030, driven by its strategic market position, increasing institutional interest, and the rising global demand for renewable energy. With its critical role in financing clean energy projects, IREDA presents a promising investment opportunity for long-term investors aiming to capitalize on the sustainable energy revolution.

Disclaimer: This article is written for informational purposes only, do not consider it as any investment advice.