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Shares of Indian Renewable Energy Development Agency Ltd (IREDA) rose 1.62 per cent on Tuesday to close at Rs 129.50, snapping a four-session losing streak. Despite the uptick, the stock remains 34.06 per cent below its 52-week high of Rs 196.40, touched on February 5 last year.<\/p>
Last month, IREDA’s wholly-owned subsidiary, IREDA Global Green Energy Finance IFSC Ltd, sanctioned its first overseas loan of $22.5 million to Swarna Solar Ltd (SSL) for the development of a 100 MW photovoltaic solar power plant in Zambia\u2019s Central Province.<\/p>
On the financial front, the Navratna PSU reported a strong set of numbers for the quarter ended December 31, 2025 (Q3 FY26). Net profit rose 37.5 per cent year-on-year (YoY) to Rs 584.9 crore, compared with Rs 425.4 crore in the corresponding quarter of the previous fiscal.<\/p>
Revenue from operations for the quarter climbed 25 per cent to Rs 2,130 crore from Rs 1,698 crore a year ago. Net interest income (NII) grew 34.8 per cent YoY to Rs 897.5 crore, up from Rs 665.8 crore in the year-ago period.<\/p>
However, some analysts remain largely cautious on the stock’s near-term technical outlook. One of the analysts pointed out that a decisive move above Rs 135 could help restore buying interest, while another suggested the stock would need to reclaim the Rs 155 level to indicate any trend reversal.<\/p>
Osho Krishan, Senior Analyst \u2013 Technical & Derivative Research at Angel One, said, “IREDA has demonstrated a failed attempt to recover in recent times and has subsequently decreased, encountering resistance at the 21-day exponential moving average (DEMA). The technical parameters align with a bearish outlook, suggesting the possibility of further decline towards the range of Rs 118-116 in the near term. On the other hand, a sustained movement above Rs 135, which is regarded as a significant resistance area, may restore some buying interest.”<\/p>
Drumil Vithlani, Technical Analyst at Bonanza, noted, “IREDA on the weekly chart is in a clear corrective phase, forming a sequence of lower highs and lower lows. Price is now hovering near a crucial demand zone around Rs 120\u2013125, which earlier acted as a base. However, momentum remains weak, with candles showing a lack of strong buying follow-through. Any bounce from this zone may face resistance near Rs 140 and Rs 155, where prior breakdown levels exist. A decisive close below Rs 120 could open downside toward Rs 105\u2013110. Trend bias stays cautious to negative unless price reclaims Rs 155 with strong volume, signalling a structural reversal rather than a temporary pullback.”<\/p>
Ravi Singh, Chief Research Officer at Mastertrust, said the immediate support for the stock could be seen at Rs 122, while resistance is likely around Rs 145.<\/p> <\/div>
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.<\/i><\/p>
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Shares of Indian Renewable Energy Development Agency Ltd (IREDA) rose 1.62 per cent on Tuesday to close at Rs 129.50, snapping a four-session losing streak. Despite the uptick, the stock remains 34.06 per cent below its 52-week high of Rs 196.40, touched on February 5 last year. Last month, IREDA’s wholly-owned subsidiary, IREDA Global Green […]<\/p>\n","protected":false},"author":1,"featured_media":2781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[8662,3988,8660,1009,565,1126,8655,8656,8664,1012,1464,8661,8663,8657,8659,8658],"class_list":["post-2780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","tag-4session","tag-cautious","tag-climb","tag-fall","tag-ireda","tag-ireda-share","tag-ireda-shares","tag-ireda-shares-falling","tag-reversal","tag-shares","tag-sign","tag-snapping","tag-trend","tag-why-ireda-shares-are-falling","tag-will-ireda-shares-rise","tag-will-ireda-stock-rise"],"acf":[],"_links":{"self":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/2780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2780"}],"version-history":[{"count":0,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/2780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/media\/2781"}],"wp:attachment":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2780"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}