Indian Energy Exchange up after Antique raises PT

Indian Energy Exchange

12/09/2024 08:36

** Shares of Indian Energy Exchange  IIAN.NS  rise as much
as 3.7% to highest since April 28, 2022 at 219.6 rupees
    ** Antique Stock Broking raises price target to 262
rupees/shr from 219 rupees/shr, representing 23.6% upside to
stock's last close
    ** Maintains "buy" rating
    ** Over the mid to long term, uptick in renewable power
offers continuous opportunity for volume uptick for power
exchanges in India - Antique 
    ** IIAN set to rise for a fourth straight month, after
gaining 33% in the last three months
    ** Avg rating of 9 analysts is "hold"; median PT is 195
rupees, ~8% lower than current price - LSEG data
    ** Stock last up 3.4%, extending YTD gains to 30.4%
    



 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))