IEX shares recorded a surge following their strong operational data as reported on 4th June 2025. IEX shares surged higher by 6.5% on Monday to Rs.215.40.
Two major reasons for this strong performance were :
- Strong Trading volumes on NSE
- Higher trading in REC’s (Renewable Energy Certificates)
IEX has delivered higher returns to its Investors, over 30% in the past 3 months, rising nearly 18% on year to date basis and 74% returns in the last two years.
IEX stocks have gained primarily on account of strong Institutional and FII holdings reflecting a continued investor confidence in the company’s long term potential and consistent performance.
Its shares showed strong NSE Trading volumes with Rs.485.2 crore worth of 2.3 lac shares changing hands on monday.
As per the latest shareholding data for the quarter ended 31 March 2025, 16.1% of the stock is held by FIIs, 28.1% by mutual funds, and 50.3% by institutions.
Its current market capitalization stands at Rs.19.164 crore.
As per multiple analysts tracking the stock, consensus rating is Buy. They also point out a 2% potential downside, the average target price for IEX is Rs.209, according to Trendlyne.
JM Financials said in a note that the short term power market is growing at 18%, well ahead of demand growth of 5-6%, and is poised for a significant expansion. With 84% market share IEX is well positioned to benefit from growing demand, higher renewable energy mix and new instruments like virtual PPA’s.
JM Financials has given a BUY rating on the stock with a target price of Rs.231. The brokerage expects IEX’s trading volumes to grow at a 13% CAGR during FY25-28, driving revenue growth and PAT growth at 16% and 14% respectively.
Source: Article by Mr. Navdeep Singh written for ETMarkets.com (The Economic Times)