New 52-Week Low: Nuvama Wealth Reduces Target Price Of Indian Energy Exchange

Nuvama Wealth Brokerage reduced target price of mid cap financial services stock, Indian Energy Exchange Ltd (IEX). Current market price of Indian Energy Exchange share is Rs 122.60 per share. The analyst has assigned reduce call to IEX share with target price of Rs 127 and gave time period of one year when the stock price can reach the target price of Rs 127.

Indian Energy Exchange Stock Performance: Last trading price of Indian Energy Exchange stock is Rs 122.60 apiece with massive intraday fall of 10.18% on BSE. IEX share witnessed a decline of nearly 23% in just 2 sessions. IEX stock fell nearly 8% on Thursday. Indian Energy Exchange share also traded its new 52-week low of Rs 116.05 apiece on Friday. The stock's 52- week high price is Rs 185.50 per share. Its market capitalisation is Rs 11,017.69 crore.

Indian Energy Exchange Return In Over The Years: Indian Energy Exchange share declined 34% in last 1-year, gave return of 2% in last 2-years, and 123% return in last 3-years.

Indian Energy Exchange Financial Performance: The mid cap stock, that came into existence in 2007, for the quarter ended declared its consolidated total income at Rs 129.59 crore, up 10.43% from preceding quarter total income of Rs 117.35 crore. It declared its net profit after tax at Rs 82.80 crore in latest quarter.

Indian Energy Exchange About: Indian Energy Exchange is India's premier energy marketplace, providing a nationwide automated trading platform for the physical delivery of electricity, renewables, and certificates. More recently, IEX has pioneered cross border electricity trade expanding its power market beyond India in an endeavour to create an integrated South Asian Power Market. IEX is powered by state-of-the-art, intuitive and customer centric technology, enabling efficient price discovery and facilitating the ease of power procurement, according to its official website.

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