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Indian Energy Exchange Limited is currently in a long term uptrend where the price is trading 37.6% above its 200 day moving average.
From a valuation standpoint, the stock is 1.1% more expensive than other stocks from the Financial Services sector with a price to sales ratio of 35.3.
Indian Energy Exchange Limited's total revenue rose by 42.8% to $852M since the same quarter in the previous year.
Its net income has increased by 39.5% to $581M since the same quarter in the previous year.
Finally, its free cash flow grew by 74.1% to $943M since the same quarter in the previous year.
Based on the above factors, Indian Energy Exchange Limited gets an overall score of 4/5.
Exchange | NSE |
---|---|
CurrencyCode | INR |
ISIN | INE022Q01020 |
Sector | Financial Services |
Industry | Capital Markets |
PE Ratio | 41.41 |
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Target Price | 210.2 |
Dividend Yield | 1.6% |
Beta | 0.51 |
Market Cap | 169B |
Indian Energy Exchange Limited provides automated trading platform for physical delivery of electricity, renewable energy, and certificates. The company's platform offers customers with digital registration, market data insights, financial reconciliation, user access management, and web-based bidding services. Its products include Day-Ahead Market, a physical electricity trading market for deliveries for any/some/all 15 minute time blocks in 24 hours of next day starting from midnight; Term-Ahead-Market that provides a range of products allowing participants to buy/sell electricity on intra-day, day-ahead contingency, and term ahead contracts; Real-Time Market, an auction session every half an hour with power to be delivered after 4 time blocks or an hour after gate closure of the auction; Green Day-Ahead Market that allows anonymous and double-sided closed collective auction in renewable energy on a day-ahead basis; and Cross-Border Electricity Trade building an integrated South Asian Power Market; The Green-Term Ahead Market, a market solution for renewable energy trading which features contracts, including Green-Intraday, Green-Day-ahead Contingency, Green-Daily, and Green-Weekly. Indian Energy Exchange Limited was incorporated in 2007 and is based in Noida, India.
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