With a loan book size of Rs 47,515 crore, IREDA lends to the sole sector of renewable energy in India thereby making it the country’s largest pure-play green energy financer. It has significantly improved asset quality over the past three years. The lender operates in a high-growth sector given the government’s thrust on green energy. Given these factors and a reasonable valuation, long term investors may consider the IPO.
Hedge with insurance stocks: HDFC Life, SBI Life, & ICICI Prudential may offer 16-20% returns
Asit C. Mehta brokerage firm has initiated coverage on the life insurance industry, highlighting its strong growth potential despite recent regulatory challenges and shifting consumer