Indian Energy Exchange LtdIndian Energy Exchange Ltd
Indian Energy Exchange on Thursday announced that it traded 8,652 MU electricity volume and achieved 16% year on year growth in January 2022.
ICICI Direct is bullish on Indian Energy Exchange recommended buy rating on the stock with a target price of Rs 305 in its research report dated January 25, 2022
IEX trade ideas
IEX BULLISHIEX BULLISH... ANYTIME TRIAGLE BREAKOUT CAN HAPPEND FIRST TARGET -270 SECOND TARGET-305
Awesome Blowsome Result Jan 21 (vs) Jan 22 - Result achieved _ 7434MU (vs) 8652MU _ 9℅MOMGrowth (vs) 16℅ MOMGrowth _ RealTime Market vol growth 1575 up 28℅ growth _ Green Market 280MU _ 11.26 Lacs RECs traded in a month and expecting more increase
IEX Getting ready to BlastIndian Energy Exchange trade volume rises 24% to 9,035 mn units in December
Indian Energy Exchange (IEX) has registered a 24 per cent growth in trade volume to 9,035 million units (MU) in December across all market segments.
Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has a good return on equity (ROE) track record: 3 Years ROE 46.21%
Company has been maintaining a healthy dividend payout of 32.61%
Company's median sales growth is 16.01% of last 10 years
Ready to Launch above 265
Stock Analysis - IEXStock Analysis - IEX:
Daily Timeframe:
1. Current price is touching 50 MA - indicates a point to watch for a breakout.
2. Resistance is at ATH of Rs.292
3. BUY volume is spiking up in the last 2 days - need to wait and watch for two more days to confirm the breakout.
4. I assume this stock will go down further to Rs.190-200 range and bounce back.
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran