1 week Ago
The IREDA share price today, as of 11:49 AM on 11th April 2025, stands at ₹154.40, up by 1.80% from its last trading session.
This uptrend shows growing investor confidence in India's renewable energy sector. Let’s explore the IREDA stock performance and key metrics in detail to understand what to expect in the coming few days. IREDA shares today opened at ₹156.
50, 3.21% higher from its previous close of ₹151.62.
The stock has ranged between ₹153.20 and ₹157.68, reflecting moderate intraday volatility since opening.
Up to mid-morning, more than 5 million shares changed hands with total turnover of ₹7,722.71 lakhs. Volume Weighted Average Price (VWAP) of the session is ₹154.
71, reflecting that majority of trades happened at or near current market price. The IREDA share price today as of 11.51 am was ₹154.
38: On April 9, the stock had ended below its opening price, marking the second consecutive day of closing below the opening price. The turn-around may suggest a potential change in short-term sentiment, with traders and investors waiting for the upcoming board meeting on April 15. Market players anticipate discussion on the IREDA Q4 earnings results during the meeting, resulting in a potential near-term fluctuation.
Historically, IREDA's shares have exhibited extreme volatility. Its 52-week high is ₹310, and its 52-week low is ₹137.01.
The all-time high of ₹310 and all-time low of ₹50 highlight both the potential for growth as well as the built-in risk in this high-beta stock. Its beta is currently 1.49, which means that the stock is much more volatile than the general market.
IREDA's share price strength today is supported by solid fundamentals. The company has posted a trailing twelve-month (TTM) earnings per share (EPS) of ₹5.71, showing a good 22.
58% year-over-year growth. This rise in profitability underlines investor interest, given the growing demand for investments in the renewable energy sector. Also, the PE ratio of the company is at 27.
02 compared to the industry average of 12.74. This may either be a sign of overpricing or faith in the future earnings capacity of IREDA by investors.
Also, its P/B ratio of 4.45 is quite reasonable considering the book value per share of ₹34.74.
The stock does not currently provide a dividend yield, which could discourage income-oriented investors. However, the potential for capital appreciation, backed by India's drive for renewable energy, could be sufficient to draw growth-oriented portfolios. The overall revival in Indian equities, particularly among benchmark indices such as Nifty and Sensex, is yet another reason behind IREDA's surge today.
Energy stock rallies also encouraged investor sentiment. Nifty Energy today is up by 2.59%, showing a bullish momentum in the overall Indian energy sector.
The government's consistent focus on clean energy, coupled with global ESG trends, further supports the stock's long-term outlook. IREDA's position as a key financer of green energy projects aligns with India's ambitious climate targets. While today's uptrend is good, it is important to remember that a huge part of IREDA's recent trade has been speculative.
Having an average 20-day trading volume of 18.7 million shares and a delivery percentage of a mere 23.05%, much of the trade seems to be short-term.
So, the liquidity is good, but the low delivery percentage may point to greater volatility in the future. That’s why analysts have shown mixed sentiments, with the majority (67%) recommending a ‘BUY’ rating as the remaining (33%) advocating for a ‘SELL’ rating. IREDA's short-term prospects look encouraging, with strong sectoral backing, improving financials, and possibly good Q4 earnings results on April 15.
Investors, however, need to keep in mind the stock's above-average volatility and speculative trading behavior. The IREDA stock may provide a good potential upside for long-term investors..
