New Delhi: With Top Notch Brokerage Firm Globe Capital has placed a strong emphasis on the rapidly expanding renewable energy sector for its top stock picks for Diwali 2025, assigning a confident “Overweight” rating to the Indian Renewable Energy Development Agency (IREDA), its Visionary CMD Shri Pradip Kumar Das is on Cloud 9.
The state-owned green energy financier, which is a critical player in India’s transition to renewable sources, is seen by the firm as having significant growth potential. Globe Capital projects a substantial potential upside of 43% for IREDA from its price of ₹151 as of October 10, 2025.
The optimistic outlook on IREDA is rooted in its pivotal role in financing the country’s clean energy goals, a segment that enjoys immense governmental support and offers clear long-term growth prospects.
IREDA is one of six key recommendations in Globe Capital’s portfolio for the festive season, which carries a mix of “Overweight” and “Accumulate” ratings.
The full list includes market heavyweights and high-potential firms such as Titan, Mahindra & Mahindra, Bank of Maharashtra, Minda Corporation, and Aptus Value Housing Finance.
Shri Pradip Kumar Das, the visionary Chairman and Managing Director of IREDA, is reported to be extremely pleased with Globe Capital’s decision to name the PSU as a top Diwali 2025 stock pick, an endorsement that highlights the rewards of the organization’s relentless efforts toward scaling its high-growth trajectory.