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IREDA share price has fallen 31% year-to-date even though the company reported a 42% rise in profit for Q2 FY26.
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IREDA stock analysis shows the stock is consolidating near key support levels with resistance between Rs 157–168.
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Experts suggest waiting for a clear breakout above Rs 163–168 before making fresh investments.
IREDA share price slides 31% in 2025 despite strong earnings growth
The IREDA share price has struggled in 2025, even as the company reported a robust jump in quarterly earnings. Shares of Indian Renewable Energy Development Agency Ltd (IREDA) fell 1.16% on Thursday to close at Rs 153.10, extending their year-to-date loss to nearly 31%.
This decline comes as a surprise to many investors because the company’s financial performance has been strong. For the July–September quarter (Q2 FY26), IREDA posted a consolidated net profit of Rs 549.33 crore — a 41.5% increase compared to Rs 388 crore during the same period last year. Despite these positive numbers, the market sentiment around the stock remains cautious due to technical resistance and consolidation in price movements.
IREDA stock analysis: Profit jumps 42%, revenue grows 26% YoY
The latest financial results strengthen the IREDA stock analysis view that the company’s core business continues to expand. Revenue from operations grew 26.2% year-on-year to Rs 2,057 crore, up from Rs 1,629.55 crore in Q2 FY25.
Earlier this month, IREDA’s business update revealed that loans sanctioned up to September 30, 2025, surged 86% year-on-year to Rs 33,148 crore. Disbursements also rose sharply by 54% to Rs 15,043 crore, while the total outstanding loan book increased 31% to Rs 84,445 crore.
These figures show IREDA’s expanding role as a key lender for renewable energy projects in India. The company’s strong loan growth and consistent profits underline its solid fundamentals, even if the share price has not reflected this yet.
IREDA share price testing key support levels near Rs 140–150
On the technical front, the IREDA share price has been consolidating near important support levels. Analysts note that the stock faces immediate resistance around Rs 157–160. A breakout above Rs 163–168 could trigger a short-term uptrend.
Osho Krishan, Senior Analyst – Technical & Derivative Research at Angel One, said, “IREDA has been consolidating near its key historical support around the Rs 140 zone. The stock continues to face resistance below its 100-day exponential moving average (DEMA), and a sustained move above Rs 160 could trigger short-term momentum.”
This suggests that traders should remain patient until a decisive move confirms the next direction. For now, the stock is hovering in a tight range and needs a breakout for any meaningful rally to begin.
IREDA stock analysis highlights bearish signals and key resistance zones
In a recent IREDA stock analysis, SEBI-registered analyst AR Ramachandran observed that the stock remains bearish on daily charts. He said, “IREDA’s stock faces strong resistance at Rs 158.7. A daily close below Rs 151.8 could drag it toward Rs 141 in the near term.”
Another expert, Kunal Kamble from Bonanza, noted that IREDA is forming a Double Bottom pattern with a neckline near Rs 168. He explained, “A breakout above this level could open up fresh trading opportunities. The stock trades above its 20-day and 50-day EMAs but remains below the 200-day EMA near Rs 164. This shows that the short-term trend is improving, but the long-term trend is still not fully bullish.”
Kamble added that the momentum indicator has flattened after a brief recovery, hinting at weakening short-term momentum. Therefore, traders should wait for a confirmed breakout above Rs 168 before entering new positions.
IREDA share price may remain range-bound in the near term
Adding to the technical perspective, Jigar S Patel, Senior Manager – Technical Research at Anand Rathi, pointed out that the IREDA share price is likely to stay range-bound for some time. “The stock has support at Rs 150 and resistance at Rs 157. A decisive move above Rs 157 could lead to further upside toward Rs 163. The expected short-term trading range is between Rs 148 and Rs 163,” he said.
This analysis means that the current phase may not offer large returns until the price clearly moves out of this consolidation zone. Investors looking for long-term opportunities should monitor how the stock behaves around the Rs 160–168 range.
IREDA stock analysis: Strong fundamentals but cautious sentiment
From a business standpoint, IREDA stock analysis indicates that the company is performing well in its core operations. IREDA is a ‘Navratna’ PSU under the Ministry of New and Renewable Energy (MNRE). It provides financial products and services for renewable energy and related infrastructure projects across India.
As of September 2025, the Government of India held a 71.76% stake in the company, ensuring stability and strong institutional backing. The firm has played a crucial role in funding solar, wind, and green energy projects aligned with India’s clean energy goals.
However, despite its robust financial performance and leadership in renewable financing, investors remain cautious due to overvaluation concerns and technical resistance levels.
IREDA share price outlook: Buy or wait?
Looking ahead, the IREDA share price may offer long-term potential, but short-term traders are advised to be patient. Analysts recommend waiting for a clear breakout above Rs 163–168 before taking new positions. Until then, the stock is likely to continue consolidating between Rs 140 and Rs 160.
Fundamentally, the company’s rapid growth in loan sanctions and steady profit expansion make it a strong contender in the renewable financing sector. But from a trading point of view, a confirmed breakout will give better clarity for investors.
