IEX Stock Reaches 52-Week High, Outperforms Sector with Impressive Growth

Indian Energy Exchange (IEX) has reached a new milestone as its stock price touched a 52-week high on September 24, 2024. The stock has been performing well in the market, gaining 7.57% in the last 3 days and outperforming the sector by 0.77%. Today, the stock reached an intraday high of Rs 244.35, which is 2.13% higher than the previous day's closing price.

IEX, a largecap company in the power generation and distribution industry, has been consistently gaining in the market. It is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the stock and reflects the company's strong performance.

In the past year, IEX has shown an impressive growth of 84.44%, outperforming the Sensex's performance of 28.64%. This showcases the company's strong fundamentals and its ability to generate returns for its investors.

MarketsMOJO has given a 'Hold' call for IEX, indicating that the stock is expected to perform steadily in the near future. With its consistent growth and strong market position, IEX is a promising company to watch out for in the power generation and distribution industry.