Stock Watch: IREDA Shares May See Action as Lock-in Period Ends for 53.8 crore Shares

Indian Renewable Energy Development Authority’s stock is expected to be in limelight on June 2, Monday, as lock-in period of some of its shareholders will come to an end. While the end of lock-in period does not necessarily mean that shareholders will offload their complete respective stakes, it does mean that they are now eligible to trade those shares in the open market.

According to reports, about 53.8 crore shares of the company, marking a 20% shareholding, will free up for trading as its six-months and beyond lock-in period comes to an end. The total value of the shares that will get unlocked to trade is over Rs 9,400 crore, based on the Friday’s closing price.

IREDA’s net interest income rose 40% on year during the March quarter, while its net profit for the period climbed nearly 49% on year. The earnings for the period increased despite an over 30% rise in finance costs and a more than 13-fold rise in impairment costs.

IREDA's assets under management went up by nearly 28% during the March quarter compared to the same quarter last year. Its asset quality improved compared to the December quarter, while margins stood at 3.27% for FY25. For the full financial year ended March, its profit grew nearly 36% while its net interest income also grew 36%.

Shares of company fell over 1% on Friday to end at Rs 174.73 on the National Stock Exchange. The stock has fallen nearly 6% in the last one year but risen 4% in the last one month.

Currently, it trades nearly 44% below its 52-week high level, while 27.5% higher than its 52-week low level, which it touched in March this year. The stock has lost nearly 19% in 2025 so far on the NSE. Shares of the company are trading over five times its IPO price of Rs 32.