IREDA Shares: Shares of Navratna awarded company Indian Renewable Energy Development Agency i.e. IREDA rose 3.7 percent to Rs 155.59 on Tuesday. This rise in the company’s shares was seen after the excellent results of the September quarter. During this period, its profit increased by 42 percent. IREDA’s net profit increased from Rs 387.75 crore to Rs 549 crore in the second quarter of business year 2026 as compared to the same quarter last year.

The company earned a lot of profit

Total income increased by 26 percent to Rs 2,057.45 crore. The company’s profit before tax increased sharply to Rs 696 crore from Rs 460 crore a year ago. The company earned a profit of Rs 795.68 crore in the first half of the financial year 2026, which was Rs 771.42 crore in the same period a year ago, while the total income increased from Rs 3,141.08 crore to Rs 4,016.98 crore.

bad behavior on thursday

Heavy selling was seen in the company’s shares on the fourth trading day of the week i.e. Thursday. With this, the share closed at the level of Rs 153.10 on Thursday with a decline of 1.16 percent. The stock has declined by 30.97 percent so far this year. The 52-week high level of IREDA shares is Rs 234.35 and the 52-week low level is Rs 137.

To bet or not? What do experts say

Experts believe that the resistance level of IREDA shares is around Rs 157-160, but a breakout above Rs 163-168 can give it a boost in the short term. In such a situation, traders have been asked to wait for the breakout above the resistance level.

Osho Krishnan, senior analyst at Angel One, says, IREDA seems to be strengthening near its resistance level around Rs 140. It may face resistance below its 100-day exponential moving average (DEMA) and a rise in shares from Rs 160 level may give it a temporary boost.

According to the report of Business Today, SEBI registered analyst AR Ramachandran said, IREDA shares are adopting a bearish trend on the daily chart. Strong resistance is visible at Rs 158.7. If it closes below the support level of Rs 151.8, it may fall to Rs 141 in the near future.

Kunal Kamble, Senior Technical Analyst, Bonanza also said, currently IREDA is forming a double bottom pattern with a neckline around Rs 168. Breakout above this level can provide new business opportunities. The stock is trading above its 20 and 50 EMAs, but remains below 200 EMA at around Rs 163.98. This positivity indicates a short-term trend, whereas in the long term this trend has not yet moved towards bullishness. The momentum indicator has turned flat after a throwback, indicating weak momentum so traders should wait for a definite breakout above Rs 168 before taking new positions.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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Navratri top pick: The festival of Navratri is starting from Monday. During this time, the shares of the Indian Renewable Energy Development Agency (IREDA) can see a boom. We are not saying this. This estimate is of brokerage firm Choice Institute Equities. Brokerage estimates that during Navratri, this stock can make its investors strong. Brokerage said that Ireda has come out of the long -standing consolidation phase and is currently trading around Rs 160.10. In such a situation, there are signs of further speed in it.

Why do investors trust stock?

Choice said that analysts found that the stall is currently over the support zone of Rs 150. This is a level that suggests that the selling pressure on it has reduced and is being invested afresh. Analysts believe that if it remains above Rs 160 and crosses the resistance level of Rs 166 decisively, it can trade in the range of Rs 186-200 in the coming time. The 52-week high level of IREDA shares is Rs 239.95, while low level is Rs 137.

Stock out of oversold zone

Brokerage said, “The stock is currently trading above its 20-day, 50-day and 100-day moving averages, which shows its strength in the middle term from the short.” The Relative Strength Index (RSI) on the weekly chart has also recovered from the oversold zone to 41.90, indicating further and the possibility of boom. On the basis of all these things, Choice Institutional Equities have advised to buy the stock at Rs 160.10. At the same time, on the decline of Rs 156, it has also been advised to increase it further. After this advice of brokerage, this stock is in the eyes of investors keeping an eye on stocks related to renewable energy.

Company results in June quarter

In the quarter of 2025-26, the company’s net profit fell to Rs 247 crore in the quarter of 2025-26. Whereas in the same quarter period of 2024-25, IREDA earned a profit of Rs 384 crore. However, the company’s operational revenue stood at Rs 1947 crore in the June 2025-26 in the June quarter of Rs 1510 crore in 2024-25.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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Insolvency plea against gensol: Jansol, trapped in the money of money, has now reached the verge of bankruptcy. The Indian Renewable Energy Development Agency (Ireda) said on Wednesday that it has filed a petition for insolvency at the National Company Law Tribunal against Jansol Engineering in crisis.

This is being seen for the first time when action has been taken by a lender against Jansol for such legal action. IRDA, under the Ministry of New and Renewable Energy, told the stock market that on May 14, 2025, Jansol Engineering Ltd. An application has been filed against the Insolvency and Debt Removal Disability Code, 2016 against the Insolvency and Section Seven.

Jansol will be bankrupt!

The stock of this company was a record of Rs 2390 in 2023, which has come down to Rs 59 in two years. After the news of the bankruptcy of this company, its stock may fall further. Jansol Engineering is a listed company and has launched a lapse of about Rs 510 crore. Market regulator SEBI last month banned Jansol Engineering and Promoters… Anmol Singh Jaggi and Puneet Singh Jaggi… in an interim order of funds, rigging and operation of funds from securities markets till further orders.

According to the information given to the stock market, Jaggi brothers resigned from the company on May 12 after the interim order of SEBI. Meanwhile, Jansol Engineering said on Wednesday that the Securities Appellate Tribunal (SAT) has settled her appeal.

Action took place after rigging

However, the company is allowed to file its reply on SEBI’s interim order, in which the company and its promoters were banned from the securities market. In the information given to the stock market, the company said that the appeal filed by it before the set has been settled. He has got an opportunity to file his reply on SEBI’s interim order within two weeks.

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