Risk factor
Sufficiently resilient to price shocks
Profitability factor
Favourable analyst view
About
Indian Renewable Energy Development Agency Limited, a non-banking financial company, provides financial products and services in the renewable energy and energy efficiency sectors in India. It operates in two segments, Financing and Generation. The company promotes, develops, and extends financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation. It also generates solar, wind, hydro, and waste to energy power. The company was incorporated in 1987 and is based in New Delhi, India.
Company Valuation
From both historical and forecast perspectives, the stock is slightly overpriced compared to similar stocks. In particular, the stock is reasonably priced on P/E, of fair
Target Price
The average target price of IREDA.BO is 176 and suggests 43% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc
Buy
Sell