IEX - Trading at almost 50% points away from 52 week high

23 Eyl 2022

IEX

Indian Energy Exchange (IEX) is the premier electricity exchange in India, which facilitates trading of electricity regulated by the Central Electricity Regulatory Commission


*IEX commands a market share of ~90% in the power exchange market


*The company has a debt free balance sheet with cash & investments to the tune of ~ |340 crore


*Found attractive swing trade/ short term investment opportunity with lower risk ratio


*Buy for the target - 166, 180, 220
Stoploss - 130