IREDA Stock Price Down by More than 3% Today

Authored By Shishta Dutta | Last Modified: Jun 14, 2025 06:30 PM IST

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Mumbai, June 13: The shares of Indian Renewable Energy Development Agency Ltd (NSE: IREDA) traded sharply lower at ₹168.96, down ₹6.59 or 3.75% as of 10:55 A.M, as market sentiment weakened due to escalating geopolitical tensions in the West Asia region. Israel’s military campaign, code-named “Operation Rising Lion,” commenced late Thursday night, targeting Iranian nuclear and missile sites in Tehran and surrounding areas. The airstrikes have rattled investors as they anticipate major disruptions in the supply of crude oil in the days to come.

The broader indices also opened weak, dragging several midcap financial names into the red.

Live Market Snapshot (as of 13-Jun-2025, 10:55 AM)

Metric	Value
Last Traded Price (LTP)	₹168.96
Previous Close	₹175.55
Opening Price	₹167.00
Day’s High	₹169.20
Day’s Low	₹162.77
VWAP	₹166.64
52-Week High	₹310.00 (15-Jul-2024)
52-Week Low	₹137.01 (17-Mar-2025)
Adjusted P/E Ratio	29.04
Total Market Cap	₹47,442.30 Cr
Free Float Market Cap	₹11,812.16 Cr
Traded Volume	189.10 lakh
Traded Value	₹315.13 Cr
Deliverable %	45.03%
Daily Volatility	3.08%
Annualised Volatility	58.84%

What’s Ahead For IREDA Shares?

In the short term, IREDA shares may remain under pressure as geopolitical tensions continue to weigh on broader market sentiment, particularly for mid-cap financials. However, analysts believe the underlying fundamentals of IREDA remain intact, supported by strong government focus on renewable energy and favourable long-term policy tailwinds.

Any stabilisation in global cues, especially crude oil prices and foreign fund flows, could help the stock recover. Key support is located near ₹160, while resistance is likely to be seen around ₹175 in the near term. Investors are advised to closely monitor geopolitical developments and broader market direction.

About the Company

Indian Renewable Energy Development Agency Ltd (IREDA), a government-owned financial institution under the Ministry of New and Renewable Energy, primarily lends to the renewable energy sector. It is listed on the NSE as part of the NIFTY Midcap 100 and began trading on November 29, 2023.

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