IREDA stock price snaps 3-day losing streak, gains nearly 7%; up 760% from IPO price
5 months ago

IREDA stock price snaps 3-day losing streak, gains nearly 7%; up 760% from IPO price

Live Mint  

IREDA, India’s leading green financing NBFC, saw its share price rise by nearly 7% in today's intraday trade, reaching ₹275 per share and breaking a three-day losing streak. In recent sessions, the shares came under sell-off pressure, mainly attributed to profit-taking and a downgrade in estimates by global brokerage firm, Phillip Capital, following IREDA’s Q1 FY25 earnings report. Phillip Capital expects IREDA to experience strong loan growth at a CAGR of 25% from FY24 to FY26, driven by increasing demand for renewable energy. While loan growth remains strong, the return ratios are moderate, and the higher exposure to the private sector raises doubts about maintaining low credit costs.

Renewable Energy Stock Share Ireda Nbfc Fy26 Price Snaps Loan Growth Phillip Capital  share  streak  growth  energy  renewable  loan  price  snaps  ireda  fy26  nearly  power  760  gains  fy25  ipo  stock  losing

History of this topic

IREDA Shares Rise Over 4% On DIPAM Approval For Rs 4,500 Crore QIP
3 months ago

IREDA Shares Rise Over 4% On DIPAM Approval For Rs 4,500 Crore QIP

News 18  

Shares of the Indian Renewable Energy Development Agency jumped 4.4 per cent on the BSE today, reaching a high of Rs 237.50 after the company announced it received approval from the Union government to raise Rs 4,500 crore through a Qualified Institutions Placement of fresh equity. The fundraise, approved by the Alternative Mechanism based on recommendations from a High-Level Committee, …

IREDA share price jumps over 4% after DIPAM nod to raise ₹4,500 crore via QIP
3 months ago

IREDA share price jumps over 4% after DIPAM nod to raise ₹4,500 crore via QIP

Live Mint  

IREDA share price jumped over 4% in early trade on Thursday after the company received government approval for raising ₹4,500 crore through fresh equity issue. The Department of Investment and Public Asset Management gave its approval to Indian Renewable Energy Development Agency on September 18 to raise up to ₹4500 crore in fresh equity issue through a Qualified Institutional Placement. …

Ireda plans to raise Rs 4.5K crore in equity capital
3 months, 3 weeks ago

Ireda plans to raise Rs 4.5K crore in equity capital

New Indian Express  

MUMBAI: The Indian Renewable Energy Development Agency, a public sector non-bank leader focused on financing green energy projects, has announced plans to raise Rs 4,500 crore in equity capital. The funds will be raised through a follow-on public offer, qualified institutional placement, rights issue, preferential issue, or other permitted modes, as decided by the board in a meeting on Friday. …

IREDA shares up 12% after 'Navratna' status, stock up 5x from IPO price
7 months, 3 weeks ago

IREDA shares up 12% after 'Navratna' status, stock up 5x from IPO price

Hindustan Times  

IREDA share price today: The share price of Indian Renewable Energy Development Agency rose over 10% today after the PSU company was granted ‘Navratna status' from the department of public enterprises. IREDA share price today: IREDA share price opened at ₹ 186.20 apiece on the BSE on April 29. IREDA Q4 results IREDA reported a 33% rise in net profit …

IREDA and PNB join hands to co-finance green energy projects
10 months ago

IREDA and PNB join hands to co-finance green energy projects

New Indian Express  

NEW DELHI: In a major boost to renewable energy financing in India, Indian Renewable Energy Development Agency Ltd. has signed a Memorandum of Understanding with Punjab National Bank for co-lending and loan syndication of renewable energy projects across the country. Through this strategic partnership, IREDA and PNB will jointly provide financial assistance for various renewable energy projects including solar, wind, …

India needs ₹30 lakh cr investments in 6 years to meet its emission cut commitment: IREDA chief
10 months, 1 week ago

India needs ₹30 lakh cr investments in 6 years to meet its emission cut commitment: IREDA chief

Hindustan Times  

India has set the target of having 50 per cent of its power generation capacity from non-fossil fuel sources. HT Image The investments would be required in manufacturing of capacity for solar, electrolysers, wind and battery, transmission, green hydrogen, solar, hydro, wind, and waste to energy sectors, said Pradip Kumar Das, CMD of Indian Renewable Energy Development Agency, at a …

IREDA Hits 20% Upper Circuit Today; Stock Up 166% From IPO Price In 11 Days
1 year ago

IREDA Hits 20% Upper Circuit Today; Stock Up 166% From IPO Price In 11 Days

News 18  

Shares of Indian Renewable Energy Development Agency shares surged 20 per cent to hit the upper circuit at Rs 85 on the National Stock Exchange after the company announced the launch of its retail division. It may be noted that IREDA’s current stock price has soared by 166 per cent from its issue price of Rs 32 per share since …

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