IEX Continues to Impress with Strong Performance and 52-Week High

Indian Energy Exchange (IEX) has been making waves in the power industry with its consistent growth and strong performance. The company, which is a midcap player in the power sector, has recently hit a 52-week high on June 13, 2024.

According to MarketsMOJO, a leading stock analysis platform, the current stock call for IEX is 'Hold'. The stock has been performing well, outperforming the sector by 3.07% and gaining for the last 7 consecutive days. In fact, in the past 7 days, the stock has risen by 24.15%.

On June 13, the stock touched an intraday high of Rs. 180.7, which is a 4.12% increase from the previous day's closing. This is a significant achievement for the company, as it is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In terms of overall performance, IEX has outperformed the Sensex by 43.03% in the past year, while the Sensex has only seen a 21.82% increase. This shows the strong growth and potential of the company in the power sector.

IEX has been able to achieve this success through its consistent growth and strong performance in the power industry. With its stock hitting a 52-week high and outperforming the sector and Sensex, it is definitely a company to watch out for in the midcap segment.