Risk factor
Limited trading liquidity
Profitability factor
Somewhat favourable analyst view
About
Indian Renewable Energy Development Agency Limited (IREDA), headquartered in New Delhi, India, functions as a specialized non-banking financial institution. Its core mission is to provide diverse financial products and services specifically for India's burgeoning renewable energy and energy efficiency sectors. The company's business activities are categorized into two primary segments: "Financing" and "Generation." Through its Financing arm, IREDA actively champions and financially supports the establishment and growth of projects focused on new and sustainable energy sources, alongside initiatives for energy efficiency and conservation. Additionally, the Generation segment sees IREDA directly involved in power production, utilizing clean energy technologies such as solar, wind, hydroelectric, and waste-to-energy facilities. IREDA commenced operations in 1987.
Company Valuation
From both historical and forecast perspectives, the stock is slightly overpriced compared to similar stocks. Specifically, the stock is fairly valued on P/E, overvalued o
Target Price
The average target price of IREDA.BO is 150 and suggests 23% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc