Indian Energy Exchange: Capitalising on opportunities in the power sector

High valuation could keep the IEX stock under pressure even though fundamentals remain strong

Jitendra Kumar Gupta
May 02, 2022 / 09:54 AM IST
Indian Energy Exchange: Capitalising on opportunities in the power sector

Representative image

Indian Energy Exchange (IEX) continues to thrive on the economic recovery, leading to a strong demand for electricity, particularly in the short-term market. This, along with the increasing customer preference to trade or transact electricity through exchanges, post COVID-led issues, has given a strong visibility to IEX. (image) Result analysis The company recently announced its results for the quarter that ended in March 2022, reporting close to 19 percent year-on-year (YoY) growth in revenue. Even for the entire fiscal year 2022,...