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    HomeNewsBusinessStocksBuy Indian Energy Exchange; target of Rs 190: ICICI Direct

    Buy Indian Energy Exchange; target of Rs 190: ICICI Direct

    ICICI Direct is bullish on Indian Energy Exchange has recommended buy rating on the stock with a target price of Rs 190 in its research report dated July 26, 2022.

    Broker Research
    July 28, 2022 / 22:08 IST
    "India’s specialty chemicals industry is a decadal growth opportunity and it is still not too late to participate in the value creation process. We prefer CRAMS/CSM players Navin Fluorine (Navin) and PI Industries (PI) as they provide long-term earnings visibility. We also like UPL due to robust growth outlook and reducing debt concerns and SRF due to rising contribution from the chemicals business," JM Financial research report.
       
       
      26 Aug, 2025 12:21
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      ICICI Direct's research report on Indian Energy Exchange

      Indian Energy Exchange (IEX) is the premier electricity exchange in India, which facilitates trading of electricity. 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 ~ Rs340 crore.

      Outlook

      We continue to remain positive and retain our BUY rating on the stock. We value IEX at Rs 190 i.e. 40x P/E on FY24E EPS.

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Indian Energy Exchange - 270722 - ic
      Broker Research
      first published: Jul 28, 2022 10:08 pm

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