Indian Energy Exchange hits more-than-1 year high

Indian Energy Exchange

29/12/2023 08:26

** Shares of Indian Energy Exchange (IEX)  IIAN.NS  up 4.3%
to 168.5 rupees, highest since mid-Aug, 2022
    ** Reuters could not immediately ascertain the reason for
the move
    ** More than 69.4 mln shares change hands so far, most
active session since June 9
    ** Mean rating of nine analysts is "sell"; median PT is
127.5 rupees, 24.3% lower than current price - LSEG data
    ** IEX only stock among major peers NTPC  NTPC.NS , Power
Grid Corp  PGRD.NS , Tata Power  TTPW.NS , and CESC  CESC.NS 
with avg "sell" rating
    ** Stock's roughly 20% climb in 2023 outpaced by peers NTPC,
PGRD, TTPW, CESC

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))