Date 02.06.2025
IREDA
Timeframe : Day Chart
Technical Remarks :
1 Breaking out from one year long downward channel
2 Resistance/Breakout = 50% of Fibonacci retracement + 200 EMA = Same Area
3 Breakout from Ichimoku cloud & consolidating
4 If resumes cloud & downward channel then exit on long position
5 Minimum target on breakout will be 38.2% @ 211
Fundamental remarks :
Business Profile
Company is the nation's largest pure-play green financing NBFC. It provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for Renewable Energy (RE) projects and other value chain activities, such as equipment manufacturing and transmission
1 Stock is trading at 4.59 times its book value
2 Working capital days have increased from 1,185 days to 3,897 days
3 The company is 75% owned by Government Of India
Sector Split of Disbursements :
1 Solar Thermal/ SPV: 26%
2 Wind: 16%
3 Loan facility to State Utilities - Others: 18%
4 Hydro Power: 11%
5 Loan facility to State Utilities - Genco : 3%
6 Manufacturing: 6%
7 Ethanol: 7%
8 Others: 3
State wise Split :
1 Andhra Pradesh: 15%
2 Rajasthan: 14%
3 Karnataka: 13%
4 Tamil Nadu: 9%
5 Gujarat: 8%
6 Telangana: 8%
7 Maharashtra: 7%
8 Others: 26%
Regards,
Ankur
IREDA
Timeframe : Day Chart
Technical Remarks :
1 Breaking out from one year long downward channel
2 Resistance/Breakout = 50% of Fibonacci retracement + 200 EMA = Same Area
3 Breakout from Ichimoku cloud & consolidating
4 If resumes cloud & downward channel then exit on long position
5 Minimum target on breakout will be 38.2% @ 211
Fundamental remarks :
Business Profile
Company is the nation's largest pure-play green financing NBFC. It provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for Renewable Energy (RE) projects and other value chain activities, such as equipment manufacturing and transmission
1 Stock is trading at 4.59 times its book value
2 Working capital days have increased from 1,185 days to 3,897 days
3 The company is 75% owned by Government Of India
Sector Split of Disbursements :
1 Solar Thermal/ SPV: 26%
2 Wind: 16%
3 Loan facility to State Utilities - Others: 18%
4 Hydro Power: 11%
5 Loan facility to State Utilities - Genco : 3%
6 Manufacturing: 6%
7 Ethanol: 7%
8 Others: 3
State wise Split :
1 Andhra Pradesh: 15%
2 Rajasthan: 14%
3 Karnataka: 13%
4 Tamil Nadu: 9%
5 Gujarat: 8%
6 Telangana: 8%
7 Maharashtra: 7%
8 Others: 26%
Regards,
Ankur
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.