Ireda Shares Plunged 5% Today; Here's What Existing Investors Can Do

Shares of Indian Renewable Energy Development Agency (IREDA) continued their downward move for nan 3rd consecutive convention connected Friday. The banal slumped 5 per cent to deed a time debased of Rs 166.35. Last checked, it was down 3.80 per cent astatine Rs 168.45. At this price, nan scrip has mislaid 24.05 per cent successful 2025 truthful far.

The state-run renewable power financier recorded a 48.66 per cent year-on-year (YoY) jump successful its consolidated nett profit for nan March 2025 4th (Q4 FY25). During nan 4th nether review, profit came astatine Rs 501.55 crore arsenic against Rs 337.39 crore successful nan corresponding play past twelvemonth (Q4 FY24).

Revenue from operations climbed 36.93 per cent to Rs 1,905.06 crore successful Q4 FY25 compared to Rs 1,391.26 crore successful nan year-ago period. The state-owned patient precocious said its indebtedness bid book registered a 28 per cent (YoY) maturation during nan financial twelvemonth 2024-25. In FY25, nan fig stood astatine Rs 76,250 crore compared to Rs 59,698 crore successful nan March 2024 fiscal.

Last month, nan company's committee cleared a borrowing programme of up to Rs 30,800 crore for FY26. IREDA besides mentioned that its borrowing limit was accrued by Rs 5,000 crore to Rs 29,200 crore for FY25.

Technically, support connected nan antagonistic could beryllium seen astatine Rs 155, wherever existing investors should look for averaging. On nan higher end, a decisive adjacent supra Rs 180 is required for further upside potential.

"Those holding should see averaging nan banal astatine astir Rs 155 level for an first target of Rs 180. We could spot a further upside target of Rs 200 erstwhile it breaks supra Rs 180. That said, investors should exit astir Rs 200 level," Kkunal V Parar, Vice-President of Technical Research and Algo astatine Choice Broking, told Business Today.

"The banal was successful corrective shape for almost 6-7 months. From a risk-reward constituent of view, nan banal tin beryllium bought astatine existent levels pinch awesome support astir Rs 155-160, expecting an upside move towards Rs 200-220 levels," said Arpit Beriwal, Manager – Derivatives Analyst (Equity Research) astatine Motilal Oswal Financial Services.

The institution is simply a 'Navratna' PSU nether nan administrative controls of nan Ministry of New and Renewable Energy. As of March 2025, nan authorities held a 75 per cent liking successful it.

The organisation offers financial products (fund- and non-fund-based) associated services, from task inception to post-completion, for renewable power projects and related activities for illustration instrumentality manufacturing and transmission.