IEX Share Price Target: Indian Energy Exchange Ltd (IEX) was announced on NSE in 2017 October. According to the data, the price of one IEX share on 27 October 2017 was 52.17 INR. It was a dead stock till 2019 year end. On 20 September 2019, the recorded price of one IEX share was 41.65 INR, seen a drop by 20.16% from the initial price. But it surged up very nicely from its lowest price in the next 2 years. On 10 Dec 2021, it’s price was 295.25 INR which is still its ATH.
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Basic Information of Indian Energy Exchange Ltd (IEX) Stock
| Share Name | Indian Energy Exchange Ltd (IEX) |
| Market Cap. | 12604 Cr. |
| Stock P/E ratio | 38.3 |
| ROE | 39.4% |
| ROCE | 51.8% |
| Dividend Yield | 0.71 |
| Face Value | ₹ 1.00 |
| Book Value | ₹ 9.56 |
| Current Price | ₹ 141 (as on February 29, 2024) |
Also read: Suzlon Energy Ltd Price target 2025
Let’s talk about some good and bad points of this stock first and then we will move into IEX long term price target viewpoint.
Some PROS of IEX
- The company is nearly debt-free.
- Over the last 5 years, the company has achieved an impressive profit growth of 19.1% compounded annually.
- The company boasts a strong track record of return on equity (ROE), with a three-year ROE of 43.7%.
- Maintaining a robust dividend payout of 48.6%, the company demonstrates a commitment to rewarding shareholders.
Now talk about some bad points of IEX
Some CONS of IEX
- The stock is currently trading at a multiple of 14.7x its book value.
- There has been a notable increase in working capital days, rising from -343 days to 87.0 days.
Also read: Vikas ecotech share price target
P/E Ratio of IEX
P/B Ratio of IEX
IEX Price Target 2024
By the end of 2024 October, Indian Energy Exchange (IEX) share can close its price on around ₹ 144.920 with its highest price target can be around ₹ 149.50. Value Prediction website is not very optimistic about IEX. Though the minimum price of IEX can go down to ₹ 109.50 by the year end.
IEX Price Target 2025
By the end of 2025 December, Indian Energy Exchange (IEX) share can close its price on around ₹ 134.611 with its highest price target can be around ₹ 149.41. Value Prediction website is not very optimistic about IEX in the year 2025. Though the minimum price target of IEX can go down to ₹ 100.50 by the 2025 year end.
IEX Price Target 2030
2030 can be a game changing year for IEX stock according to some of the stock analyst. Indian Energy Exchange (IEX) share can close its price on around ₹ 119.33 with its highest price target can be around ₹ 170.44. Value Prediction website is not optimistic about IEX in the year 2030. Though the minimum price target of IEX can go down to ₹ 84.50 by 2030 year end.
IEX Price Target 2035
Renewable energy can be a game changing factor in the year 2035 and beyond. In 2035, Indian Energy Exchange (IEX) share can close its price on around ₹ 161.19 with its highest price target can be around ₹ 169.81. Value Prediction website is farely optimistic about IEX in the year 2035. Though the minimum price target of IEX can go down to ₹ 86.10 by 2035 year end.
IEX Price Target 2040
If India welcomes the renewable energy and use solar and other alternatives as a option, 2040 can be a huge year for IEX. In 2040, Indian Energy Exchange (IEX) share can close its price on around ₹ 200.11 with its highest price target can be around ₹ 207.22. Value Prediction website is farely optimistic about IEX in the year 2040. Though the minimum price target of IEX can go down to ₹ 76.30 by 2040 year end.
Some FAQs on IEX Stock Fundamentals
If someone has patience to invest in equity for over 10 years, then IEX can be a good investment option. For short term investors and traders, IEX is not the one of the best option. Though, it can be fruitful for long term.
IEX facilitates the power procurement and it deals in energy sector which is very volatile . The rise and fall of certain energy sector stocks largely depends on government, taxes, budget etc. So, it might fall due to any of these reasons.
IEX facilitates the power procurement and it deals in energy sector which is very volatile . The rise and fall of certain energy sector stocks largely depends on government, taxes, budget etc. So, it might rise due to any of these reasons.
The target price of IEX share for 2030, according to Value Prediction, is around ₹ 119.33 with its high value can be around ₹ 170.44 and lowest price could go as low as ₹ 84.50.
Shekhar Chatterjee is an investor, trader, stocks analyst, and a blogger who loves to share price predictions, based on particular business P&L, financial data, balance sheets, and Technical charts using RSI, MACD, SMA200 and all.
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