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IREDA Stock Analysis: 420% Returns in 85 Days! Should You Invest Now?

On 29th November 2023, the Indian Renewable Energy Development Agency (IREDA) got listed on the stock market at ₹32 per share. Today, it's trading at an astonishing ₹167, delivering almost 420% returns in just 85 days! 📈✨

In this video, we delve into:

What does IREDA do? Understand the business model of this NBFC specializing in financing renewable energy projects.
Why the Major Move? Explore the reasons behind this impressive stock performance.
Future Growth Factors: Analyze the potential growth drivers that could push the stock higher.
Risks to Consider: Identify the key risks that investors need to be aware of.
We base our discussion on publicly available information and resources, which you can find linked in the description for deeper insights.

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Company Overview:
IREDA, a Non-Banking Financial Company, finances renewable energy projects across solar power, wind power, hydropower, biomass, ethanol, compressed biogas, and green mobility sectors. As of 31st December 2023, their total loan book reached ₹50,580 crores, up 33% from the previous year.

Key Financial Insights:

Loan Growth: Significant increase in loan book.
NPA Trends: Consistent decrease in Net NPAs from 5.61% in FY21 to 1.52% as of Dec 2023.
Diversification: Well-diversified loan portfolio across sectors and geographies.
Future Growth Prospects:
India aims to generate 500 GW from renewable sources by 2030. Government initiatives, including solar rooftop projects and the recent Navaratna status for IREDA, open new avenues for growth.

Risks:

NPA Management: Potential rise in NPAs with the expansion of the loan book.
Valuation Risks: High stock valuation may limit future price gains.
Policy Changes: Dependence on government policies for renewable energy projects.
🔗 Resources Used:

IREDA DRHP
IREDA Investor Presentation
Economic Times Article
Disclaimer: This video is for educational purposes only and is not financial advice. Please conduct your own research and consult with a financial advisor before making investment decisions.

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