IREDA Shares in Focus after Approving Rs 30,800 Crore Borrowing Plan for FY26
After approving a borrowing plan of Rs 30,800 crore for FY26 to bolster funding for renewable energy projects and assist India’s clean energy transition, investors will be watching (IREDA) shares on Wednesday.
Bonds and loans are among the financial instruments the IREDA board has approved for fundraising. This action is anticipated to meet India’s green energy goals and supply the funding required to speed up renewable energy development.
The strategy calls for IREDA to diversify its financial sources by obtaining foreign currency loans and Purchasing green bonds. These tools are anticipated to draw foreign and domestic investors, reaffirming IREDA’s dedication to funding sustainable energy initiatives.
To raise Rs 1,247 crore, the state-owned company issued its first “perpetual bond” last week. The bond has an 8.4% yearly coupon rate. Perpetual bonds give ongoing interest payments without redemption and have no maturity date.
IREDA Shares Target Price
Trendline data indicates that the stock’s average target price is Rs 209, representing a 23% increase over the current market price. Three analysts have unanimously recommended a “Purchase” for the stock.
Technically speaking, the stock is neither overbought nor oversold, as shown by its relative strength index (RSI), which is 58.4. A negative trend is also indicated by the MACD, which is at -8.4, below its center line. While the stock is still below the 50-, 100-, 150-, and 200-day (SMAs), it trades above its 5-, 10-, 20-, and 30-day SMAs.
The benchmark Sensex increased 0.04% on Tuesday, while IREDA shares ended the day at Rs 169.8, down 0.1% on the BSE. Over the last 12 months, the stock has increased by 22.5% but dropped by 24% in the previous six months. The market value of the firm is Rs 45,651 crore.
