IEX Share Price Target: IEX (Indian Energy Exchange) is providing a nationwide automated trading platform for the physical delivery of electricity, renewables, and certificates.
IEX has a robust ecosystem of 6800+ participants located across 29 states and 5 union territories consisting of 55+ distribution utilities. It also has a strong base of 4400+ commercial and industrial consumers representing industries like food processing, metal, textile, ceramic, cement, automobiles, housing, real estate, and commercial entities.
Let us see IEX Share Price Target 2024, 2024, 2025, 2030.
About IEX Company
Indian Energy Exchange (IEX) is India’s leading energy marketplace, providing a nationwide automated trading platform for the distribution of electricity, renewable energy, and certificates. Recently, the company has started cross-border electricity trading by expanding its electricity market beyond the country.
The exchange has had ISO certifications for Quality Management, Environment Management, and Information Security Management since August 2016 and is approved & regulated by the Central Electricity Regulatory Commission, and is functioning since June 27, 2008.
Fundamentals of IEX
Let’s look at the fundamentals of IEX, based on this we can get a clear understanding of the expertise in the renewable energy sector.
- P/E Ratio: The current price-to-earnings (P/E) ratio of IEX is 48.45
- EV/EBITDA: 34.75
- Current Market Cap: The current market cap of IEX as of July 16, 2024 is Rs 14,657 Cr
- Sales Growth: Sales growth over the period of time for IEX is about 23.38%
- Profit Growth: The profit growth of the Indian Energy Exchange (IEX) is around 19.99 % over the period of time
IEX Share Price Target Details
We performed a complete analysis of IEX and have come up with IES Share Price Target for the upcoming years.
Note: These price targets for IEX is only for reference purpose
Also, Check:
Currently, the IEX share price chart is in a downtrend, trading at Rs. 159. By the end of December, the IEX share price target can go up to Rs. 270.
Looking at the chart, the IEX Share Price Target 2024 could be Rs. 380.
The Indian Energy Exchange Share Price Target 2024 can reach up to Rs. 550.
The target share price of IEX 2025 could be Rs. 790.
The Indian Energy Exchange Share Price Target 2030 will be about Rs. 2050.
| Year | IEX Share Price Targets (₹) |
|---|---|
| 2024 | 270 |
| 2024 | 380 |
| 2024 | 550 |
| 2025 | 790 |
| 2026 | 930 |
| 2027 | 1240 |
| 2028 | 1590 |
| 2029 | 1800 |
| 2030 | 2050 |
