Indian Renewable Energy Development Agency Ltd. (IREDA) is at the forefront of financing India’s renewable energy projects. As the country advances its commitment to sustainable energy, IREDA's importance in the market is likely to grow significantly. In this article, we will analyze the potential IREDA share price target from 2024 through 2028, considering various factors that might influence its stock performance.

IREDA Share Price Target for 2024

The year 2024 is expected to be promising for IREDA, driven by India's increasing focus on expanding its renewable energy infrastructure. The Indian government’s ongoing support for green energy projects will likely enhance IREDA’s financial outlook.

Projected Share Price: By the end of 2024, analysts expect IREDA’s share price to range between ₹60 and ₹70. This estimate is based on the agency’s active role in financing renewable energy initiatives and the positive policy environment supporting these efforts.

Key Drivers:

• Government Policies: The Indian government’s continued push for renewable energy will be a significant factor in boosting IREDA’s stock performance.
• Financial Stability: IREDA’s consistent financial growth, reflected in its expanding loan portfolio, is expected to strengthen investor confidence.

IREDA Share Price Target for 2025

Moving into 2025, IREDA is likely to see further growth as the renewable energy sector in India continues to expand. The agency’s involvement in financing these projects will play a crucial role in determining its share price.

Projected Share Price: By 2025, IREDA’s share price could be between ₹75 to ₹85.

Key Drivers:

• Project Pipeline Growth: An increase in the number of financed renewable energy projects will likely boost IREDA’s revenue, positively influencing its share price.
• Foreign Investment: The growing interest from global investors in India’s renewable energy market could drive up the value of IREDA’s stock.

IREDA Share Price Target for 2026

IREDA is expected to continue its upward trajectory in 2026. The year may bring some volatility, but the overall trend should remain positive as IREDA builds on its previous successes.

Projected Share Price: For IREDA share price 2026 is anticipated to range between ₹85 to ₹95.

Key Drivers:

• Execution of Major Projects: Successful completion of key renewable energy projects will be crucial for maintaining investor trust and driving the share price higher.