Stock of Interest

Posted On: July 26, 2023

Stock Report : IEX (NSE) 25 Jul 2023

IEX (NSE), also known as the Indian Energy Exchange, is a leading electronic power trading platform in India that falls under the regulatory purview of the Central Electricity Regulatory Commission. Founded in 2008 and headquartered in New Delhi, the company operates within the Financial Services sector, specifically focusing on the Capital Markets industry. With a dedicated team of 159 employees as of 2022, IEX has grown into a significant player in the Indian energy market. In the financial year 2023, the company achieved an impressive revenue of 474 crores INR (approximately US$59 million). Its pivotal role in facilitating transparent and efficient electricity exchange has contributed significantly to the growth and stability of the nation’s power sector. 

#xCalData predicts that #IEX will continue its bearish phase over the next five days and trend within the range of 126 to 120. 

In comparison to the previous month, the price of the stock has experienced a decline of 2.60% indicating a bearish.

The Stock has doubled twice since 20 Nov 2017 and took an average of 1.9 years to double. 

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given positive returns in 4 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum.  

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days.

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