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Indian Energy Exchange: Building a long-term story

IEX is a good long-term play, considering its compelling business model, leadership and opportunities in the power trading sector

October 05, 2020 / 03:00 PM IST
Indian Energy Exchange: Building a long-term story

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights - Expanding market to garner higher market share - Geographical expansion to add to growth - Introduction of the gas trading exchange improves visibility - Earnings visibility improves, recovery seen in the end demand - Valuation on higher side; wait for correction In May this year when markets were still very weak, we covered Indian Energy Exchange (IEX) at around Rs 160 on the back of its extremely high-quality business and attractive valuation. While, since then, the stock has moved up by close to 30...

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