Indian Energy Exchange (IEX) Hits 52-Week High, Outperforms Sector with Strong Growth

Aug 29 2024 01:05 PM IST
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Indian Energy Exchange (IEX) has seen a significant increase in its stock price, reaching a 52-week high of Rs.205.95 on August 29, 2024. The midcap company in the power industry has been performing well in the stock market, with a 'Hold' call from MarketsMojo. Its 1-year performance has been impressive, outperforming the sector by 1.6%.

Indian Energy Exchange (IEX) has reached a new milestone as its stock price hit a 52-week high of Rs.205.95 on August 29, 2024. This midcap company in the power industry has been gaining momentum in the stock market, with a 'Hold' call from MarketsMOJO.

The stock has outperformed the sector by 1.6% and has been on a consecutive gain for the last 3 days, with a 8.73% increase in returns during this period. However, it did touch an intraday low of Rs.199.35, showing a slight dip of 2.06%.

Indian Energy Exchange is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price. Its 1-year performance has been impressive, with a 64.06% increase compared to the Sensex's 26.22% performance.

This surge in stock price can be attributed to the company's strong performance in the power industry and its consistent growth over the years. With a hold call from MarketsMOJO, investors can continue to monitor the stock's performance and make informed decisions.
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