Post Q3, there are only buyers -no sellers for IREDA. While Q3 has been very good, but I am not sure if IREDA can repeat it’s performance. On roof top , IREDA is going to have a tough Competition from both pvt and PSU,’s
REC/ PFC are better placed to reap the benifits of both the world – Renewable & non renewable apart from financing other capex related themes such as infra projects. REC recently mandated to lend to railways too. The only thing we need to watch the NPA – which the management is very confident and has given guidance for net zero NPA.
Going by the valuation , REC ,& PFC are definitely better placed PSU for the medium to long term. I would not be a buyer for IREDA at this astronomical price.
Discl: Had got IPO allotment. profit booked and switched to REC , PFC . i may be biased. This is not a buy sell recommendation. please do your own assessment before you buy sell.
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