Wherever there is future earning visibility , investors are chasing those stocks…And IREDA is a Navratna PSU, so there would not be any corporate governance issues, Govt backed , no issue in fund raising , NPA’ s are good… For the investor , you get regular dividends.

The stock may continue to be in demand with a bout of ups and downs.

However, when compared with REC, PFC, Hudco , there is a wide valuation gap…
REC , PFC don’t carry Renewable energy Tag , but IREDA do carry the tag.

Given an option and if I have to add to my existing holdings , i would rather add to REC, PFC and Hudco rather than IREDA.
I am holding all the three from lower level with 9-10 % Dividend yield – IREDA i was allotted in IPO. Had Partly booked profit and later added back on decline
Discl: Invested. May be biased . please do your own assessment before investing. PSU stocks could be volatile at times due to change in govt policy

I think it will take time to get to good price levels. Right now the PE is around 24-25 and the profit growth over years is greater than the stock’s price growth. This is good.

Also, the FII contribution picked up in good numbers.
Disc: Invested since March

Thanks for the clarification.

hi sir .as you said you have 5 years experience the market.
according to my understanding you will exit 50 % of the stock once it reach 5X .

i have question till today how many 5X stocks you seen in your PF (remember u seen only Bull market not even a bear market ,after the corona index itself given 3X Return )

I feel like this is a myth .to run behind a multi bagger is stupid mind set .focus on portfolio not on stocks .try to double the PF .
Try to study how to double your Portfolio not the stock