Stock Market Analysis: In the year 2024, both IREDA and Exide companies have remained in the news at the moment. In the Indian Renewable Energy segment, IREDA has shown a steady growth in the last 1 year, but Exide Industries has also not lagged behind. In the last 1 year, this stock has also given a return of about 80%. If the intention is the same, then it has given a return of about 278 percent and has also made a very good income for its investors, but after this earning, many investors are worried about what is going to happen in the future.
Because at the moment you can see that in the last 1 month, this stock, which was in the news since the time of its IPO, India Resonable Energy Development Agency Limited, was seen facing a downfall. Something similar happened with the stock of Exide Industries in the last 1 month. Let us know in detail what the market experts react to. Understand about both the companies
As per the future, both the companies are working in such sectors which are going to dominate India in the future because whether it is the electric vehicle segment or renewable energy, the government is also paying a lot of attention to both and the future looks very positive for both these companies, due to which it becomes very important to look at the financials of the companies, whether it is Exide or Amar Raja Batteries, the number of electric vehicles in India is making new records every day and the battery becomes the most important in electric vehicles. For this actor, both these companies are increasing their research and development in electric vehicle batteries very fast, along with this they also dominate in normal batteries.
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What are the experts’ opinions on IREDA?
Market experts are giving different reactions for this. Some say that correct valuation and technical analysis should be done, while some experts are also seeing overvaluation here. Information about this has been provided on ET Now’s YouTube channel where market experts have given their response. Let’s know what the market experts said.
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