Motilal Oswal recommended Neutral rating on Indian Energy Exchange with a target price of Rs 150 in its research report dated October 31, 2025.
The company has a dominant market position, strong balance sheet, and good earnings visibility
Stocks to Watch, 31 October: Stocks like ITC, DLF, Dabur India, Swiggy, Bandhan Bank, United Spirits, TD Power Systems, Manappuram Finance, Gillette India, Welspun Corp, LT Foods, Lodha Developers, Pidilite Industries, Motilal Oswal Financial Services, Datamatics Global Services, Navin Fluorine International, and Reliance Industries will be in focus on October 31.
Stocks to watch, 16 October: Stocks like Axis Bank, HDFC Life Insurance Company, L&T Finance, HDB Financial Services, Oberoi Realty,Delta Corp, Angel One, KEI Industries, Bharat Electronics, Hero MotoCorp, Jyoti Structures, KEC International, Indian Energy Exchange, and Rubicon Research will be in focus on October 16.
Theoretically, it can be deduced that the market share of Indian Energy Exchange (IEX) will decline to 33.33% in due course of time with the implementation of market coupling, JM Financial said in a press note issued on July 30
Trend wise, with a long to medium-term horizon, the market is in a strong uptrend but with the last three weeks' price action, the short-term trend has slightly tilted downwards, said Sameet Chavan of Angel One.
According to experts, the market coupling development could significantly impact IEX's revenue and margins going ahead.
Stocks to Watch, 25 July: Stocks like Sun Pharma, eClerx Services, Indian Energy Exchange, Anant Raj, REC, Aether Industries, Larsen & Toubro, Torrent Power, Enviro Infra Engineers, GR Infraprojects, and Adani Enterprises will be in focus on July 25.
Stocks to Watch, 4 July: Stocks like Bajaj Finance, Suryoday Small Finance Bank, Bank of Baroda, RBL Bank, AWL Agri Business, Marico, Emcure Pharmaceuticals, Piramal Pharma, Sterling Powergensys, Godavari Biorefineries, Indian Energy Exchange, InterGlobe Aviation, Force Motors, and FSN E-Commerce Ventures Nykaa will be in focus on July 4.
Stocks to watch, 12, June: Stocks like Cyient, ICICI Bank, Maruti Suzuki India, Canara Bank, Kellton Tech Solutions, GMM Pfaudler, Titagarh Rail Systems, Zydus Lifesciences, CE Info Systems Nazara Technologies, Sterlite Technologies, HG Infra Engineering, Hindustan Copper, and Angel One will be in focus on June 12.
Stocks to watch, 4 June: Stocks like Sun Pharmaceutical Industries, Zydus Lifesciences, Techno Electric & Engineering Company, R Systems International, NMDC, Tata Technologies, Indegene, Aditya Birla Fashion and Retail, Alkem Laboratories, HDFC Bank, Wipro, Servotech Renewable Power Systems, and Scoda Tubes will be in focus on June 4.
Stocks to Watch, 2 June: Stocks like TVS Motor Company, Eicher Motors, Hero MotoCorp, Maruti Suzuki India, Indian Energy Exchange,Indigo Paints, Manappuram Finance, Tata Motors, Mahindra and Mahindra, Niva Bupa Health Insurance Company, Alembic Pharmaceuticals, IRCON International, Godrej Properties, Titagarh Rail Systems, AstraZeneca Pharma India, Genus Power Infrastructures, and FSN E-Commerce Ventures Nykaa will be in focus on June 2.
Stocks to Watch, 06 May: Stocks like Computer Age Management Services, Bombay Dyeing & Manufacturing Company, Zee Media Corporation, Jammu & Kashmir Bank, Prataap Snacks, Hind Rectifiers, Cigniti Technologies, Coforge, Indian Energy Exchange, Paras Defence and Space Technologies, and IRCON International will be in focus on May 6.
Motilal Oswal recommended Neutral rating on Indian Energy Exchange with a target price of Rs 209 in its research report dated April 26, 2025.
Stocks to Watch, 25 Apr: Stocks like SBI Cards and Payment Services, SBI Life Insurance Company, Aavas Financiers, Tanla Platforms, Nelco, RITES, Power Grid Corporation of India, Wipro, Bannari Amman Spinning Mills, Bharat Heavy Electricals, and Gujarat Industries Power Company will be in focus on April 25.
IEX continues to reinforce its market leadership with an 83-84 percent share in electricity trading, benefiting from India's increasing power demand and regulatory support. The company is expanding into new trading platforms, including the Indian Gas Exchange (IGX), international carbon exchange, and coal exchange, further strengthening its moat. The anticipated 25% volume growth in FY25, coupled with supportive regulatory environment and a robust balance sheet, IEX offers good growth visibility. Despite regulatory risks, IEX's diversification into newer markets ensures continued competitiveness and earnings visibility.
IEX Share Price: In February, IEX's electricity traded volume increased by 9 percent on-year to 9,622 million units for the month.
Stocks to Watch, Mar 4: Stocks like CEAT, Xchanging Solutions, UCO Bank, Onix Solar Energy, REC, Newjaisa Technologies, Anlon Technology Solutions, Sunteck Realty, Wendt India, Dr Agarwals Eye Hospital, and Nukleus Office Solutions will be in focus on March 4.
The benchmark index is expected to be rangebound, with support at Wednesday's low. Below are some trading ideas for the near term.