IREDA Share Price | Indian Renewable Energy Development Agency Limited (NSE: IREDA ) shares witnessed a slight fall today, 02 May 2025. At the end of the day’s trading, the share price of IREDA closed at ₹165.72, showing a decline of 0.80% (₹1.34) as against the previous close of ₹167.06.
Friday, May 02, 2025, Status of Major Indices
On Friday, 02 May 2025, the Indian stock market showed mixed trends across major indices. The Nifty 50 opened at 24,311, slightly lower than its previous close of 24,334.20, but recovered to close the session at 24,346.70, marking a modest gain. The BSE Sensex had a positive day, opening at 80,300.19 and closing at 80,501.99, up from its previous close of 80,242.24. In contrast, the Nifty Midcap 100 showed weakness, opening at 54,004.95 and closing significantly lower at 53,705.10, compared to the previous close of 54,124.90. While benchmark indices held up, midcap stocks faced selling pressure.
On 2nd May 2025, IREDA’s share price opened at ₹166.15 and showed some volatility throughout the trading session. The stock hit an intraday high of ₹168.20, indicating initial buying interest, but also reached a low of ₹164.30, indicating selling pressure at higher levels. It closed at ₹165.72, slightly below its opening price. This intraday movement indicates a mildly bearish trend, as the stock failed to maintain higher levels and closed lower than it opened.
Today’s Trading Volume and Value
| Description | Figures |
|---|---|
| Traded Volume | 83.63 Lakhs |
| Traded Value | 139.17 Crores |
| % of Deliverable / Traded Quantity | 25.53 % |
IREDA Fundamental Analysis
| Stock Name | IREDA Ltd. |
|---|---|
| Market Cap | ₹ 44455 Crores |
| Free Float Market Cap | ₹ 11,113 Crores |
| 52W High | ₹ 310 |
| 52W Low | ₹ 137 |
| Stock P/E (TTM) | 26.43 |
| Book Value | ₹ 38.2 |
| ROCE | 9.57% |
| ROE | 18.0 % |
| Face Value | ₹ 10.0 |
| Industry PE | 22.5 |
| Price to book value | 4.37 |
| Debt to equity | 6.03 |
| PEG Ratio | 0.52 |
| Quick ratio | 1.16 |
IREDA Technical Analysis
- 10-day Moving Average: IREDA’s price remains slightly below its 10-day moving average of 171.69, which generally indicates a bearish short-term trend.
- 50-day Moving Average: IREDA’s price remains slightly above its 50-day moving average of 160.84, which generally indicates a positive medium-term trend.
- 100-day Moving Average: IREDA’s price remains below its 100-day moving average of 182.91, which indicates a bearish long-term trend.
- RSI (Relative Strength Index): IREDA’s RSI (Relative Strength Index) at 49.98 indicates a neutral momentum, suggesting that the stock is neither overbought nor oversold.
- Immediate Support and Resistance Levels: IREDA’s immediate support is around ₹164, while resistance lies near ₹168.
IREDA Future Outlook
IREDA’s future looks bright, and the company is ready to take advantage of both domestic and international trends in renewable energy. Despite short-term challenges, the long-term growth potential of IREDA is still strong due to India’s focus on green energy.
Also Read: IREDA Share Price Target 2025 to 2050.
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
