Buy Indian Energy Exchange, target price Rs 175: Prabhudas Lilladher
Indian Energy Exchange with a target price of Rs 175. The current market price of Indian Energy Exchange Ltd. is Rs 144.75 .
Indian Energy Exchange Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 12911.71 Crore) operating in Financial Services sector.
Indian Energy Exchange Ltd. key Products/Revenue Segments include Sale of services and Other Operating Revenue for the year ending 31-Mar-2023.
Financials For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 141.22 Crore, up 6.20 % from last quarter Total Income of Rs 132.97 Crore and up 20.34 % from last year same quarter Total Income of Rs 117.35 Crore. Company reported net profit after tax of Rs 88.33 Crore in latest quarter.
Promoter/FII Holdings Promoters held 0 per cent stake in the company as of 31-Dec-2023, while FIIs owned 13.37 per cent, DIIs 26.34 per cent.
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