One of India’s prominent renewable energy companies, Indian Renewable Energy Development Agency (IREDA), witnessed a significant uptrend in its stock. After a month-long bearish trend, the stock started recovering in the last week of December 2024 and has shown a 10% rise over the past five days.
IREDA Stock Rebounds with Momentum
The year 2025 began on a positive note for IREDA. On January 1, 2025, the stock surged by over 6% and closed at ₹226, breaking the downward streak it faced in December. However, the next day, due to market fluctuations, the stock saw a minor dip of 0.40%, closing at ₹221.58. On January 3, 2025, the stock opened at ₹226.50 with a 1.41% increase, indicating renewed investor confidence.
Why the Sudden Surge in IREDA Stock?
The stock’s recent surge is attributed to the strong financial performance reported for the third quarter of FY 2025 (ending December 31, 2024). IREDA has demonstrated impressive growth in its quarterly results, both on a quarterly and yearly basis.
Key Highlights of IREDA’s Q3 FY 2025 Performance
- Loan Disbursement:
- Q3 FY 2025: ₹17,236 crore
- Q3 FY 2024: ₹12,220 crore
- Annual Growth: 41%
- Loan Approvals:
- Q3 FY 2025: ₹31,087 crore
- Q3 FY 2024: ₹13,558 crore
- Annual Growth: 129%
- Loan Book Growth:
- December 31, 2024: ₹69,000 crore
- December 31, 2023: ₹50,580 crore
- Annual Growth: 36%
Investor Sentiment and Future Projections
IREDA’s stellar performance in Q3 FY 2025 has boosted investor sentiment. Analysts are optimistic about the company’s ability to capitalize on the growing renewable energy sector. The stock’s support level is around ₹220, while the resistance is set at ₹240.
With the company reporting record loan disbursements and approvals, coupled with an expanding loan book, IREDA’s stock is expected to maintain an upward trajectory in the short to medium term.
Conclusion
IREDA’s exceptional Q3 results and the renewed focus on renewable energy projects position it as a strong performer in the Indian stock market. Investors are advised to monitor the stock closely, as its growth potential remains high for 2025.
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