Stock Under Rs 200 Zooms Over 5% Intraday in Choppy Trade; Analysts Hike Price Target

A total of 33.44 lakh shares changed hands today of Indian Energy Exchange which is a constituent of S&P BSE 500 index generating a total turnover of Rs 54.64 crore.
Stock Under Rs 200 Zooms Over 5 pc Intraday in Choppy Trade; Analysts Hike Price Target

Stock Under Rs 200 Zooms Over 5 pc Intraday in Choppy Trade; Analysts Hike Price Target. Image Source: CanvaPro

IEX Share Price Target 2024, IEX Share Price NSE BSE: The Indian Energy Exchange (IEX) share price touched an intraday high of Rs 166.4 per share, zooming 5.08 per cent from its previous close of Rs 158.35 apiece. The counter has been gaining for the last five days and has risen 12.53 per cent returns in the period. The scrip is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The power sector has gained by 3.35 per cent.

IEX Share Price Today News NSE BSE

The counter was trading at Rs 161.65 per share at the time of filing this report, up by 2.08 per cent. A total of 33.44 lakh shares changed hands today of Indian Energy Exchange which is a constituent of S&P BSE 500 index generating a total turnover of Rs 54.64 crore. The midcap company has a market cap of Rs 14,526.99 crore, as per BSE website. The shares of the company have a PE of 42.21x.

IEX Share Price Target

Investec upgraded to 'BUY' from 'HOLD', hiking the target price to Rs 175 from Rs 135 per share. "The company is expected to sustain market share," the research report said.

IEX Q4 Results

The Indian Energy Exchange (IEX) has posted a 9.5 per cent rise in consolidated profit after tax at Rs 96.7 crore for the March 2024 quarter on account of higher income. It had clocked Rs 88.34 crore profit after tax (PAT) during the fourth quarter of the last fiscal, the company said in an exchange filing on Wednesday. The company's total income rose to Rs 149.28 crore, from Rs 129.58 crore in January-March FY23. During the period under review, its expenses stood at Rs 22.65 crore, as against Rs 19.52 crore a year ago.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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