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Today Share Opened At ₹155; Minister Said, Final Decision Will Be Taken Soon

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Indian Energy Exchange Ltd (NSE: IEX): The Power Minister RK Singh said that a final decision on market coupling is expected to be made soon. 

In an exclusive interview the Minister of Power RK Singh said, electricity will be sold at a single rate across the country. 

He stated, “Two markets and two prices can’t work. We have created One Nation One Grid. The electricity must now be provided at a single price across the entire nation.”

IEX News From Share

Following this announcement, it has seen an immediate drop in shares. The share was traded at the price of Rs 155 on Wednesday compared to closing of 164 on Tuesday. 

Following this, the price decreased to Rs 152 today.

What Advice Can Investors Get Now?

A market expert said that the charts show that the stock has formed an excellent foundation. Buys can be made with a declining trend. It is possible to invest in shares if you invest for the long run.

The stock has dropped by 6 percent over one week. The stock has risen by 2 percent in a single month, and 13 percent over three months. The stock has increased 100 percent over the last three years.

Aftermarket coupling will mean that there will be no distinct price discovery on various power exchanges. 

All orders for buy and sell across all exchanges will be processed via MCO. MCO (Market Coupling Operator) will determine prices per bidding area. 

At present, various purchase and sale orders can be made on different exchanges. Price discovery differs for every exchange.

The procedure of determining the power tariffs is a bit complicated. Presently, the amount of price discovery on 3 power exchanges is up to 288. 

Coupling will ensure uniformity in price discovery for power. Transmission lines can be used more efficiently. 

The more electricity that is available can be exchanged in power exchange. Electricity is cheaper during peak hours.

About Indian Energy Exchange Ltd

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.

Indian Energy Exchange Ltd was established in 2007. It provides an automated platform and infrastructure to carry the trading of electric units to facilitate the physical distribution of electricity.

Fundamental Analysis of Indian Energy Exchange Ltd 

Market Cap₹ 13,210 Cr.
Current Price₹ 148.50
52-wk High₹ 173.35
52-wk Low₹ 116
Stock P/E40.51
Book Value₹ 9.56
Dividend0.64 %
ROCE51.8 %
ROE39.4 %
Face Value₹ 1.00
P/B Value15.4
OPM83.4 %
EPS₹ 3.48
Debt₹ 12.1 Cr.
Debt to Equity0.01

Indian Energy Exchange (IEX) Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹165₹194
2025₹205₹239
2026₹250₹300
2027₹314₹341
2028₹350₹405
2029₹419₹471
2030₹500₹515
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Indian Energy Exchange Shareholding Pattern

FII Holding
Dec 202215.49%
Mar 202317.88%
June 202317.28%
Sept 202314.12%
Dec 202313.37%
DII Holding
Dec 202221.73%
Mar 202321.53%
June 202321.11%
Sept 202322.61%
Dec 202326.34%
Public Holding
Dec 202262.49%
Mar 202360.32%
June 202361.33%
Sept 202362.98%
Dec 202360.01%
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Others Holding
Dec 20220.27%
Mar 20230.28%
June 20230.28%
Sept 20230.28%
Dec 20230.28%

Indian Energy Exchange Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

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

Last 10 Years’ Profit Growth:

10 Years:15%
5 Years:19%
3 Years:20%
Current Year:4%

Last 10 years’ Return on Equity (ROE):

10 Years:43%
5 Years:44%
3 Years:44%
Last Year:39%

Sales Growth Over 10 Years:

10 Years:11%
5 Years:12%
3 Years:16%
Current Year:0%

Conclusion

This article is a complete guide about Indian Energy Exchange Ltd (IEX) Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

If you like this information, share the article with as many people as possible.

Also Read: Railway Share Got 251 Crore Government Project: 300% Bumper Return In 11 Months

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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