IEX shares tumble 15% from 52-week high hit 2 days ago. What lies ahead?

IEX shares tumble 15% from 52-week high hit 2 days ago. What lies ahead?

After a strong rally following its breakout above Rs 200, shares of the Indian Energy Exchange (IEX) hit a 52-week high of Rs 244.40 on September 24. However, the stock has since dropped 15%, approaching its key support level at Rs 200. The fall was witnessed after reports of implementation of market coupling for power … Read more

IEX shares rally 9% in 3 days after Q4 results beat

IEX shares rally 9% in 3 days after Q4 results beat

Shares of IEX surged 9% in the last 3 trading sessions on reporting Q4 profit after tax (PAT) at Rs 95.1 crore. IEX reported a 14.7% YoY increase in its PAT on May 15 along with a revenue at Rs 149.5 crore for the fourth quarter of the financial year 2024. For fiscal year 2024, … Read more