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HomeSHARE MARKET17% Return In 1 Month; Good News Came After Market Close; Next...

17% Return In 1 Month; Good News Came After Market Close; Next ₹200 Or ₹2000?

renewable energy electricity
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Before knowing the company name we will check the company return. In the last 5 trading days, this company gave a 6% return. In the last 30 days 17% return, 6 months we get a 25% return. 

Now the question is what is the price of this company share? Let us tell you that the company share price when I’m writing this article is just Rs 153. 

In today’s trading, this share shows a slight decline from the previous days.  But in this situation, market experts say, we can expect to gain momentum in this energy sector stock again.

Interested to know the share name? The share name is IEX or Indian Energy Exchange.

Expert Views On IEX Share

The market expert thinks IEX share can perform well from now. Just for reference, they mention some targets near Rs 210. 

IEX Share History

If we check the previous history of this share, on 10 Dec 2021 IEX touched its all-time high at Rs 295.25. After this period bad day starts for IEX share. 

Some negative news and government decisions push the share price down further. 

But now it seems that investors are showing interest in buying IEX shares again.

Good News For IEX Share

It’s a good thing that IEX has entered into a future agreement with EEIPL. IEX will purchase 10% of EEIPL stake (Enviro Enablers Private Limited of India).

The exchange has stated that the total trading volume for November has risen by over 17% over the previous year.

The cost of a monthly subscription is at its lowest during the fiscal year. This allows all the industrial and discoms consumers to cut their expenses.

IEX has reached a total of 9136 MU during the month. There was an increase of 17.5% compared to the previous year. 

The total number of certificates comprises 7.55 million renewable energy certificates, which amounts to 755 MU.

The average clearing price throughout the month was 4.06 for each unit. It was a slight rise in the volume of the day-ahead market, compared to the previous year. 

However, the number of the real-time electricity market has been up by 68% in comparison to the previous year.

According to the information published by the government, the consumption of energy or electricity in India reached 120 billion units. The increase is 8.5% over the year before.

About IEX

IEX (Indian Energy Exchange) is India’s largest power trading platform that facilitates the selling and buying of electricity via a clear and effective online marketplace.

  • Founded: 2008
  • IEX Headquarters: Noida, India
  • IEX Operation: Electricity trading
  • Market share: More than 90% of Indian market
  • Participants: Over 7,500
  • Regulation: Central Electricity Regulatory Commission (CERC)

IEX In Renewable Energy

We all know that renewable energy is the future. At this time all the world’s governments and corporations are trying to push renewable energy for a better future. 

In this case, the Indian Energy Exchange Company is not behind. IEX has a dedicated renewable energy trading platform.

IEX Financials Data

If we check this year’s FY2023 data there is a total sales of Rs. 109 crore. Total profits collected for IEX is Rs. 83 crore. 

As of December 8, 2023, total market capitalization is Rs 13,625 Cr.

Fundamental Analysis of Indian Energy Exchange Ltd

Market Cap₹ 13,625 Cr.
Current Price₹ 153
52-wk High₹ 164
52-wk Low₹ 116
Stock P/E43.8
Book Value₹ 9.56
Dividend0.65 %
ROCE51.8 %
ROE39.4 %
Face Value₹ 1.00
P/B Value16.0
OPM83.4 %
EPS₹ 3.48
Debt₹ 12.1 Cr.
Debt to Equity0.01

IEX Shareholding pattern

Promoters Holding
Sept 20220.00%
Dec 20220.00%
Mar 20230.00%
June 20230.00%
Sept 20230.00%
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FII Holding
Sept 202215.79%
Dec 202215.49%
Mar 202317.88%
June 202317.28%
Sept 202314.12%
DII Holding
Sept 202222.39%
Dec 202221.73%
Mar 202321.53%
June 202321.11%
Sept 202322.61%
Govt. Holding
Sept 20220.00%
Dec 20220.00%
Mar 20230.00%
June 20230.00%
Sept 20230.00%
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Public Holding
Sept 202261.54%
Dec 202262.49%
Mar 202360.32%
June 202361.33%
Sept 202362.98%

IEX Share: Last 5 Years’ Financial Condition

Last 5 Years’ sales:

2019₹254 Cr
2020₹257 Cr
2021₹317 Cr
2022₹426 Cr
2023₹420 Cr

Last 5 Years’ Net Profit:

2019₹165 Cr
2020₹178 Cr
2021₹213 Cr
2022₹303 Cr
2023₹311 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

What Is The Future Of IEX Share?

If we think about the future, I believe IEX share can perform better in future. A major factor that can contribute to this growth is the Indian electricity market.

As per some reports, in future, there is a possibility of massive growth in this sector. If the sector is boosted, then obviously IEX will benefit.

Also Read: 10% Return In 24 Hours! Father Of HDFC Share; Price Only ₹2, RBI Registered

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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