The Indian Energy Exchange (IEX) is a well-established player in the energy market in India, providing a platform for trading electricity, renewables, and certificates. Many investors consider IEX a potential investment opportunity with its growing network and innovative technology. If you are among those investors wondering about the IEX share price target 2023 and IEX Share Price Target 2030, this blog post is for you.
In this post, we will analyse the Indian Energy Exchange, including both fundamental and technical, to better understand the company and its financial performance. We will also examine recent market trends and sentiment to predict IEX’s share price target for 2023, 2024, 2025, and 2030. Whether you are an experienced investor or just starting, this blog post will provide valuable insights into the Indian Energy Exchange and help you make a more informed investment decision.
About Indian Energy Exchange (IEX)
The Indian Energy Exchange (IEX) is India’s leading energy marketplace that provides an automated trading platform for physically delivering renewables, electricity, and certificates. It is designed to allow efficient price discovery and ease of power procurement. IEX operates a robust ecosystem with over 7,300 participants across 5 Union Territories and 29 states in India. The Central Electricity Regulatory Commission approved and regulated the exchange, and it has been operating since June 27, 2008.
IEX has a strong base of participants, including distribution utilities, conventional and renewable energy generators, commercial and industrial consumers, and institutional and commercial entities. The exchange is publicly listed with ISO certifications for quality, information security, and environmental management.
IEX offers several markets to trade in, including the Electricity Market, Green Market, and Certificates Market. With its customer-centric technology and expanding network, IEX is well-positioned to meet the growing energy needs of India and the surrounding region.
Fundamentals of Indian Energy Exchange (IEX)
It is crucial to consider a company’s fundamentals before making a long-term investment. This analysis provides insight into the company’s current performance and helps to understand its long-term vision. Fundamental analysis systematically evaluates a company’s financial and economic standing, including its financial statements, management, industry trends, and competition.
So, before the IEX share price future prediction, it is imperative to thoroughly analyse the company’s fundamentals.
This data was taken on February 11, 2023.
- The Stock P/E ratio is 41.7
- Current Market Price ₹135
- Earnings Per Share ₹3.23
- Sales Growth 5 years 16.5%
Based on its financial reports, it is clear that the company has several strengths, which are as follows:
- Debt-free status
- Strong profit growth of 24.2% CAGR over the past five years
- Impressive return on equity (ROE) track record: 3-year ROE of 46.9%
- Consistent dividend payout of 52.4%
- Strong sales growth with a median increase of 16.0% over the last decade
However, Based on its financial reports, it is also clear that the company has several weakness, which are as follows:
- A relatively high stock valuation, trading at 16.1 times book value
- An increase in debtor days from 26.3 to 74.9 days
Disclaimer: The information provided is for educational purposes only and is not intended as financial advice. It is crucial to conduct thorough research and consult a financial expert before making investment decisions.
Technical Analysis of IEX Share Price
After listing on the exchange, we can see the IEX share was in consolidation for more than two years and on Sep 2020, it broke that consolidation zone and started to move in an up trend. It has given 400% returns after that breakout which are huge returns if you ask me.
After making a high of ₹ 318.65, it has corrected almost 60% from its peak. And now, it is on the support level, which seems essential. There is a good swing trading opportunity on a daily time frame if it can break the trendline Or if it falls below its current support level, which is 129 ₹, then there is a chance that it will fall further below.
The above images are taken from Tradingview.com
IEX Share Price Target 2023
As previously mentioned, the overall trend in IEX shares has been downward. It is essential to look for a break in this downward trend line, followed by an increase in price. If this break occurs, the target price for IEX shares in 2023 could reach 175₹.
IEX Share Price Target 2025
The target share price of IEX for 2025 will be ₹300 or above.
IEX Share Price Target 2030
If the stock price begins to follow up trend, there is a strong chance that it will exceed its previous high of 300₹. And the target price for IEX share in 2030 will be around 800₹.
- IRFC Share Price Target for 2023, 2025 to 2030
- ICICI Bank Share Price Target
- Suzlon Energy Share Price Target For 2023, 2025 to 2030
If you are considering investing or engaging in short-term trading in IEX shares, it may be a good idea to wait for a clear breakout and upward movement before entering.
Disclaimer: The information provided is for educational purposes only and should not be taken as investment advice. I cannot be held responsible for any profit or loss. It is highly recommended to conduct your research and consider all factors before making any investment decisions in the stock market. The information in this post may be subject to inaccuracies and errors and is subject to change.