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Indian Energy Exchange Ltd (IEX)

₹160.451.33%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Indian Energy Exchange Ltd share Performance

  • ₹158.35
    ₹166.4
    ₹160.45
    downward going graph

    1.31%

    Low

    Day's Volatility:5.02%

    High

    3.71%

    downward going graph
  • ₹116
    ₹173.35
    ₹160.45
    downward going graph

    27.70%

    Low

    52 Weeks Volatility:35.74%

    High

    8.04%

    downward going graph
1 Month Return+ 6.35 %
3 Month Return+ 9.74 %
1 Year Return+ 1.73 %
Previous Close₹158.35
Open₹158.35
Volume4.49Cr
Upper Circuit-
Lower Circuit-
Market Cap₹14,119.95Cr

Analyst Rating

based on 9 analysts

HOLD
33.33%
Buy
11.11%
Hold
55.56%
Sell

Based on 9 analysts offering long term price targets for Indian Energy Exchange Ltd. An average target of ₹133.56

Source: S&P Global Market Intelligence

Company Information

Indian Energy Exchange Limited (IEX) is the leading power exchange in India, holding over 98% of the traded volume in electricity and having a registered participant base of over 6,300. Going about its objective of providing automated trading platforms for physical delivery of electricity, IEX offers opportunities to trade in electricity contracts (DAM), Renewable Energy Certificates (RECs), Energy Saving Certificates (ESCerts) and more. The exchange is regulated by Central Electricity Regulatory Commission (CERC) and has been operating since 2008. With the launch of the Day Ahead Market (DAM) in 2009, the Exchange conducted its first industrial consumer registration in 2010 and then Initiated trading on its exchange in 2011 in RECs. The Exchange also received three ISO certifications in 2016. On 26th Sept 2017, trading for ESCerts commenced and in Oct 2017 IEX concluded its Initial Public Offer (IPO) with the stock debuting at a discounted price of 9.09%. With DGX going on to become an associate of the company in Jan 2022, IEX has achieved various milestones and continues to provide the best platform for electricity trading.

Share Price: ₹160.45 per share as on 21 May, 2024 04:01 PM
Market Capitalisation: ₹14,119.95Cr as of today
Revenue: ₹121.28Cr as on March 2024 (Q1 24)
Net Profit: ₹96.69Cr as on March 2024 (Q1 24)
Listing date: 23 Oct, 2017
Chairperson Name: Satyanarayan Goel
OrganisationIndian Energy Exchange Ltd
Headquarters
IndustryFinancial Services
E-voting on sharesClick here to vote

What's happening

  • img

    Today's Timeline - 21 May

    12:45 PM

    -

    IEX shares gain 2% after Investec and Axis Capital upgrade stock on improved growth outlook.

    01:25 PM

    -

    IEX reports a 9.5% rise in consolidated profit after tax at Rs 96.7 crore for the March 2024 quarter.

    03:16 PM

    -

    IEX shares gain 5% as Investec and Axis Capital upgrade stock, raising target prices to Rs 175 and Rs 170 per share respectively.

Key events for Indian Energy Exchange Ltd

  • IEX Shares Rise After Analysts Upgrade Stock - 21 May, 2024

    Indian Energy Exchange (IEX) shares gained up to 5% after analysts at Investec and Axis Capital upgraded the stock and raised their target prices due to an improved growth outlook. IEX reported a 9.5% rise in consolidated profit after tax for Q4 FY24.

  • IEX Shares Surge Following Robust Q4 Results - 18 May, 2024

    The Indian Energy Exchange (IEX) reported strong Q4 FY24 results with a YoY increase in PAT to Rs 95.1 crore and declared a final dividend of Rs 1.50 per share for FY24. Despite this, domestic brokerage firm Nuvama has maintained a reduce rating on IEX citing limited upside potential.

  • Analyst Predicts Downside for Indian Energy Exchange Ltd - 17 May, 2024

    Nuvama predicts a 20% downside for Indian Energy Exchange Ltd (IEX) due to Q4 results being below estimates, with limited upside potential despite factoring in volume growth over FY24-26E. IEX's March quarter profit grew 9.5% YoY to Rs 96.70 crore on 15.2% YoY rise in sales at Rs 149.30 crore.

  • Indian Energy Exchange Reports Strong Financial Results - 16 May, 2024

    Indian Energy Exchange (IEX) reported strong financial results for Q4 FY24 and FY24, with a rise in consolidated net profit and revenue. The company also declared a dividend for FY24. IEX is confident of maintaining its market share in the coming year.

  • Indian Energy Exchange Ltd's High P/E Ratio Raises Concerns - 14 May, 2024

    Indian Energy Exchange Ltd has a high P/E ratio of 37.7x, which is above the majority of other companies. Although the company has shown growth in earnings, its inferior earnings outlook places shareholders' investments at significant risk and potential investors in danger of paying an excessive premium.

  • Nirmal Bang Recommends Buying IEX Stock - 08 May, 2024

    Nirmal Bang has recommended buying Indian Energy Exchange (IEX) stock above ₹157.40 and adding on dips at ₹150 for a target of ₹185 with a strict stop loss of ₹144. The weekly chart indicates a potential upmove in the near term.

  • Indian Energy Exchange Reports Increase in Volume - 03 May, 2024

    The Indian Energy Exchange reported a YoY increase of 14.1% in overall volume for April, reaching 9,044 million units. The Day Ahead Market (DAM) price decreased by 6%, while the Renewable Energy Certificates (REC) volume increased by 211% to 618 MU.

  • Indian Energy Exchange Records Growth in Trade Volume - 02 May, 2024

    The Indian Energy Exchange (IEX) saw a 14.1% YoY growth in its overall trade volume in April, with 9,044 million units traded. Additionally, electricity prices on the exchange rose to ₹5.8 per unit from ₹4.6 a month earlier.

Fundamentals of Indian Energy Exchange Ltd

Insights on Indian Energy Exchange Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 60.01% to 61.57% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 20.44% to 20.92% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 4 quarters, 75.83 Cr → 96.69 Cr (in ₹), with an average increase of 7.7% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, IEX stock has moved up by 9.3%

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 4 quarters, 128.99 Cr → 151.37 Cr (in ₹), with an average increase of 5.2% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, BSE Ltd has given 430.3% return, outperforming this stock by 428.6%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, BSE Ltd has given 1022.1% return, outperforming this stock by 994.4%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 13.37% to 10.90% in Mar 2024 quarter

Indian Energy Exchange Ltd Valuation

Indian Energy Exchange Ltd in the last 5 years

  • Overview

  • Trends

Lowest (21.43x)

September 30, 2019

Today (40.19x)

May 18, 2024

Industry (97.56x)

May 18, 2024

Highest (101.69x)

December 10, 2021

LowHigh

Mutual Fund Holdings

Funds Holdings
Parag Parikh Flexi Cap Direct GrowthParag Parikh Flexi Cap Direct Growth1.08%
SBI Small Cap Fund Direct Plan GrowthSBI Small Cap Fund Direct Plan Growth1.21%
Mirae Asset Large Cap Fund Direct Plan GrowthMirae Asset Large Cap Fund Direct Plan Growth0.84%
SBI Magnum Midcap Fund Direct GrowthSBI Magnum Midcap Fund Direct Growth1.05%
SBI Contra Fund Direct GrowthSBI Contra Fund Direct Growth0.59%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
0%
0.00
Foreign Institutions
10.9%
0.00
Mutual Funds
20.92%
0.00
Retail Investors
61.57%
0.00
Others
6.61%
0.00

Technicals of Indian Energy Exchange Ltd share

News & Events of Indian Energy Exchange Ltd

Frequently Asked Questions

  • Get a PAN card.
  • Open a Demat account.
  • Open a Trading account.
  • Link your Demat account to your Trading account.
  • Fund your Trading account.
  • Place an order to buy Indian Energy Exchange Ltd shares.

Indian Energy Exchange Ltd (IEX) share price today is ₹160.45

Indian Energy Exchange Ltd is listed on NSE

Indian Energy Exchange Ltd is listed on BSE

  • Today’s highest price of Indian Energy Exchange Ltd is ₹166.4.
  • Today’s lowest price of Indian Energy Exchange Ltd is ₹158.35.

PE Ratio of Indian Energy Exchange Ltd is 40.19

PE ratio = Indian Energy Exchange Ltd Market price per share / Indian Energy Exchange Ltd Earnings per share

Today’s traded volume of Indian Energy Exchange Ltd(IEX) is 4.49Cr.

Today’s market capitalisation of Indian Energy Exchange Ltd(IEX) is ₹14119.95Cr.

Indian Energy Exchange Ltd(IEXPrice
52 Week High
₹173.35
52 Week Low
₹116

Indian Energy Exchange Ltd(IEX) share price is ₹160.45. It is down -7.44% from its 52 Week High price of ₹173.35

Indian Energy Exchange Ltd(IEX) share price is ₹160.45. It is up 38.32% from its 52 Week Low price of ₹116

Indian Energy Exchange Ltd(IEXReturns
1 Day Returns
2.1%
1 Month Returns
6.35%
3 Month Returns
9.74%
1 Year Returns
1.73%