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 ~95% in the power exchange market • The company has a debt free balance sheet with cash & investments to the tune of ~ Rs 700 crore.
Outlook
We continue to remain positive and retain our BUY rating on the stock. We value IEX at Rs 285 i.e. 55x P/E on FY24E EPS.
For all recommendations report, click here
Disclaimer: 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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
