IREDA Share Price | Experts give BUY rating to multibagger IREDA stock, next target price will be rich – NSE: IREDA
IREDA Share Price | On Friday, January 17, 2025, the stock market closed with a decline after one day of fluctuations. NSE Nifty fell 100 points to close at 23,200. On the other hand, BSE Sensex fell by more than 400 points and closed at 76,600. Meanwhile, stock market experts have also given target price for Indian Renewable Energy Development Agency Company share with a positive signal.
IREDA Company Stock Current Status
Shares of Indian Renewable Energy Development Agency Company were trading 1.28 percent higher at Rs 206.80 on Friday, January 17, 2025. Indian Renewable Energy Development Agency Company shares had a 52-week high of Rs 310, while IREDA shares had a 52-week low of Rs 114.30. The total market cap of IREDA currently stands at Rs 55,647 crore.
What did experts indicate on IREDA stock?
Positive signals are being received regarding the renewable energy sector at the global level. Experts have said that all the companies related to renewable energy will directly benefit from this. Therefore, stock market experts have advised to buy IREDA shares. However, investors have been advised to keep a stoploss of Rs 180. Experts have said that IREDA shares can be beneficial for investors in the medium to long term. Stock market experts have given the first target price for IREDA shares at Rs 240. Experts have said that as soon as the media level crosses the level of Rs 240, the stock can go up to Rs 300 in a year. This may take from one year to one and a half years. Experts have said that IREDA shares can go up to Rs 425 in the long term.
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