English
Specials
    Upgrade
    MoneycontrolBe a PRO
    Moneycontrol PRO
    you are here: HomeNewsBusinessMoneycontrol Research

    Indian Energy Exchange: Growth prospects look dim in the near term

    Lower earnings expectations could hurt valuations which are already high

    Jitendra Kumar Gupta
    July 29, 2022 / 12:11 PM IST
    Indian Energy Exchange: Growth prospects look dim in the near term

    Representative Image

    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

    The increasing threat of competition, with the entry of HPX — an exchange floated by PTC India, BSE India, and ICICI Bank, has taken the lustre off the Indian Energy Exchange’s stock. This was compounded by a slow pick-up in earnings, mainly in the gas business and the core power exchange, where volumes are struggling in recent months. In the June quarter, the company’s total volume (excluding the certificate volumes) grew merely by 4.2 percent as against an 18 percent...

    • PRO Panorama

      Moneycontrol Pro Panorama | Your one-minute guide to MPC deliberations

      Aug 4, 2022 / 04:48 PM IST

      In today’s edition of Moneycontrol Pro Panorama: How to trade on RBI policy day, IndiGo flying high, Devyani International baking it big, sparks fly on Pelosi’s Taiwan visit, Start up Street, and more

      Read Now
    • PRO Weekender

      Moneycontrol Pro Weekender | Shaktikanta Das refuses to pivot 

      Aug 6, 2022 / 10:21 AM IST

      A look at the current macro readings is enough for the RBI governor not to budge and dilute his ‘withdrawal of accommodation’ stance

      Read Now

    To read the full story, Subscribe to Moneycontrol PRO

    Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

    View Plans

    Already a member? Sign in

    Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

    50% OFF

    What Do You Get

    • Ad free experience

      Experience a non-intrusive navigation and faster response in the ad free mode

    • Sharpest Opinions

      Access to 230+ exclusive stories per month from our editorial and Experts

    • +

      Have a Global edge with access to content from world renowned experts and journalist

    • Actionable Insights

      Access to 40+ weekly investment ideas including 4 daily technical calls

    • Virtual Events

      Exclusive access to live webinars from market experts on trading and investment strategies

    • Newsletters

      Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

    View Offers

    Get upto 50% discount on limited period offers