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    Buy Indian Energy Exchange, target price Rs 236: Elara Capital

    Synopsis

    Indian Energy Exchange Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 12720.67 Crore) operating in Financial Services sector.

    IEXAgencies
    Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 25.94 per cent, DIIs 16.48 per cent.
    Elara Capital has buy call on Indian Energy Exchange with a target price of Rs 236. The current market price of Indian Energy Exchange is Rs 141.7.

    Time period given by analyst is one year when Indian Energy Exchange Ltd. price can reach defined target.

    Indian Energy Exchange Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 12720.67 Crore) operating in Financial Services sector.

    Indian Energy Exchange Ltd. key Products/Revenue Segments include Sale of services and Other Operating Revenue for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 113.39 Crore, down -11.71 % from last quarter Total Income of Rs 128.44 Crore and up 10.22 % from last year same quarter Total Income of Rs 102.88 Crore. Company reported net profit after tax of Rs 68.59 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 25.94 per cent, DIIs 16.48 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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