Risk factor
Limited trading liquidity
Profitability factor
Favourable analyst view
About
Indian Renewable Energy Development Agency Limited is an Indian non-banking financial company (NBFC) that delivers financial products and services within the country's renewable energy and energy efficiency sectors. Its operations are bifurcated into two main divisions: Financing and Generation. The company's primary objective is to champion, advance, and provide financial backing for projects related to new and sustainable energy sources, as well as initiatives focused on energy efficiency and conservation. Furthermore, it actively produces power through solar, wind, hydroelectric, and waste-to-energy technologies. Incorporated in 1987, IREDA is headquartered in New Delhi, India.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. Specifically, the stock is fairly valued on P/E, undervalued on EV/
Target Price
The average target price of IREDA.BO is 166 and suggests 53.8% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to i