IEX Stock Gains 3.13% and Hits 52-Week High, Outperforms Sector and Sensex

Sep 20 2024 11:35 AM IST
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Indian Energy Exchange (IEX) stock gained 3.13% on September 20, 2024, after receiving a 'Hold' rating from MarketsMojo. It also hit a new 52-week high of Rs.232.75, outperforming the power generation and distribution sector by 2.15%. The stock is trading above its moving averages, indicating a positive trend and potential for growth.

Indian Energy Exchange (IEX) has seen a positive trend in its stock performance, gaining 3.13% on September 20, 2024. This comes after the company's stock call was given a 'Hold' rating by MarketsMOJO. The stock has also hit a new 52-week high of Rs.232.75, showing strong growth potential.

IEX, a largecap company in the power generation and distribution industry, has outperformed the sector by 2.15% today. The stock touched an intraday high of Rs.232.75, a 3.38% increase from the previous day's close. It is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

In comparison to the Sensex, IEX has shown a 1-day performance of 3.00% while the Sensex's performance was 1.12%. Over the past month, IEX has outperformed the Sensex by 18.86%, with a 1-month performance of 4.10%.

With its strong performance and positive trend, IEX is a stock to watch in the power generation and distribution industry. Investors may consider holding onto their shares as the company continues to show growth potential.
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