Iex share price

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Synopsis Shares of Indian Energy Exchange (IEX) fell by 15% to a 52-week low of INR116 ($1.56) on NSE on Friday after the Ministry of Power decided to go ahead with market coupling. An independent third-party will collect buy and sell bids and decide a uniform market price across all exchanges. Brokerage firm Nuvama described this move as a big negative for IEX and recommended a "reduce" rating on the stock with a price target of INR127. Brokerage firm Nuvama has called this a “big negative for IEX” and recommended a ‘Reduce’ rating on the counter. It has a price target of Rs 127 on the stock. Currently, IEX is the most trusted platform for electricity spot price determination in India, which is its business moat, Nuvama said in a note. It added that the MoP has already directed CERC to expedite the consultation process and finalise the implementation of market coupling. Market coupler collects all buy and sell orders from all the power exchanges, which is then aggregated and matched to discover a uniform market clearing price, across all exchanges regardless of platform, the brokerage firm explained. Market expert Sandip Sabharwal advised investors to avoid this stock, calling it cyclical in nature. Government intervention on top of it has made the story even more sour, he added. On MoP's decision, Sabharwal said it was always a challenge buying stock of companies which are prone to government interventions as they bring about huge swings in profitability. It is a challen...

• Markets • Stocks • Funds • ETFs • Bonds • Investing Ideas • Best Investments • Christine Benz’s Portfolios • Best Companies to Own • Best ETFs • Guide to 529 Plans • Asset Management Companies • Topics • Portfolio Construction • Economy • Sustainable Investing • Personal Finance • Retirement • Save for College • Start Investing • For Advisors • Alternative Investments • Media • Podcasts • Free Email Newsletters • Morningstar Magazine • Videos • Investing Definitions • Just For Investors • Morningstar Investor • Morningstar Investor Newsletters • Legacy Portfolio Manager Idex owns a collection of moaty businesses that tend to be leaders in their respective niche end markets, typically holding the number-one or -two market share. It manufactures a wide array of products, ranging from equipment used in DNA sequencing to wastewater pumps to Jaws of Life hydraulic rescue tools. Idex’s Lean manufacturing prowess allows it to effectively operate in a high-mix and low-volume environment, offering customers a wide variety of highly engineered products that are configurable or customizable. Furthermore, a common theme across its businesses is that they specialize in making mission-critical equipment that performs a vital function but typically constitutes a small part of the customer’s total bill of materials. This aspect of the business contributes to Idex’s narrow moat through customer switching costs and allows the firm to command premium pricing. Business Description Idex manu...

Key Data • Open $211.35 • Day Range 209.41 - 212.47 • 52 Week Range 172.19 - 246.23 • Market Cap $15.9B • Shares Outstanding 75.58M • Public Float 75.41M • Beta 0.89 • Rev. per Employee $369.44K • P/E Ratio 27.20 • EPS $7.73 • Yield 1.22% • Dividend $0.64 • Ex-Dividend Date Jun 8, 2023 • Short Interest 923.4K 05/31/23 • % of Float Shorted 1.22% • Average Volume 426.12K IDEX Corp. IDEX Corp. engages in the provision of engineering solutions. It operates through the following segments: Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety or Diversified Products. The Fluid and Metering Technologies segment is involved in the design, production, and distribution of displacement pumps, valves, flow meters, injectors, and fluid-handling pump modules and systems. The Health and Science Technologies segment includes design, production, and distribution of precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction, and drying systems used in beverage, food processing, pharmaceutical, and cosmetics, pneumatic components, and sealing solutions. The Fire and Safety or Diversified Products segment consists of the production of firefighting pumps and controls, apparatus valves, monitors, nozzles, rescue tools, and lifting bags for the fire and rescue industry. The company was founded on September 24, 1987, and is headquartered in Northbrook, IL.

Market veteran Basant Maheshwari says a poor business model can make a good balance sheet bad and vice versa. In a YouTube video that has been watched by 60,000 viewers so far, Maheshwari cited Ministry of Power's recent decision to go ahead with market coupling, potentially negating Indian Energy Exchange ( Maheshwari said investors following the IEX stock selloff would be tempted to the idea that the stock's price-to-earnings ratio has gone down to 45 times from 80 times, share price has fallen to Rs 125 from Rs 250, market cap-to-sales is now 25 times against 60 times earlier and that EV/Ebitda is reasonable now. But "These are stories to pacify oneself. To me, whenever a business see a permanent problem of this sort, the stock takes months and years to recover. The IEX stock should underperform significantly going ahead," Maheshwari said while also suggesting investors to consult their financial advisors before taking an investment decision and that his words are not an advice to 'Buy' or 'Sell' stock. Maheshwari, whose YouTube handle 'bmtheequitydesk' has 1,71,000 followings, said minority investors should ask self whether the business model and prospects remain same for the company. If the answer is no, one should move on, he said. Shares of IEX are in the bear grip, falling 21 per cent in the last one month. The stock is down 30 per cent in the last one year. Antique Stock broking last week suggested a target of Rs 105 on the stock. It noted that incentives by compe...

Shares of Indian Energy Exchange (IEX) have been trading near the support zone of Rs 138 in the last few sessions. They have corrected after breaching immediate resistance of Rs 140 in the previous session. On a year-to-date basis, the shares of IEX have tumbled 45%. In the current trading session, IEX stock has remained below the previous session’s close, signaling bearish sentiment in the stock. IEX stock, which closed at Rs 139.60 on December 28, hit an intraday low of Rs 137.35 on BSE.  Shares of IEX have fallen today after three sessions of gain.  IEX shares are trading higher than the 5 day moving averages but lower than 20 day, 50 day, 100 day and 200 day moving averages. The stock is trading in the red zone in terms of seven out of eight simple moving averages. Till date, the IEX stock has lost 50% from its 52-week high of Rs 271.95 hit on January 13, 2022.  At 12:46 pm, the IEX stock was trading at Rs 138.25 on BSE. Total 1.93 lakh shares of the firm changed hands amounting to a turnover of Rs 2.67 crore on BSE. Market cap of the firm stood at Rs 12,419 crore. It has high has a one-year beta of 1.2, indicating high volatility during the period. IEX has a high PE ratio of 41.21 against the industry PE of 33.21.   Recently, the energy exchange platform was in news after the firm said it has incorporated a subsidiary to explore business opportunities in the voluntary carbon market. The wholly owned subsidiary company is named International Carbon Exchange Pr...

• The company has shown a good profit growth of 22.3829134001832% for the Past 3 years. • The company has shown a good revenue growth of 18.7574628105109% for the Past 3 years. • Company has been maintaining healthy ROE of 48.4164983369331% over the past 3 years. • Company has been maintaining healthy ROCE of 62.3482082164284% over the past 3 years. • Company is virtually debt free. • Company has a healthy Interest coverage ratio of 203.342700896248. • The Company has been maintaining an effective average operating margins of 81.4639731190316% in the last 5 years. • The company has an efficient Cash Conversion Cycle of 38.8401546330461 days. • The company has a good cash flow management; CFO/PAT stands at 1.50345373246181. Quarterly Result (All Figures in Cr.) PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Net Sales 111.73 98.35 95.2 100.28 107.03 Total Expenditure 16.66 17.34 16.26 16.99 13.77 Operating Profit 95.07 81.01 78.94 83.28 93.26 Other Income 16.03 15.04 18.57 17.07 22.52 Interest 0.46 0.55 0.52 0.67 0.73 Depreciation 4.1 4.19 4.57 4.93 4.91 Exceptional Items 0 0 0 0 0 Profit Before Tax 106.53 91.32 92.42 94.77 110.15 Tax 25.66 22.73 22.36 23.59 27.28 Profit After Tax 80.88 68.59 70.06 71.18 82.87 Adjusted EPS (Rs) 0.9 0.76 0.78 0.79 0.93 Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.) PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Net Sales 230.45 254.08 257.03 317.11 425.55 Total Expenditure 45.58 51.26 52.56 57.68 59.97 Operating Pr...

A surge in renewable energy in India is set to massively increase spot power trading, according to the country’s largest electricity bourse. Buyers will increasingly turn away from traditional long-term contracts in favor of cheaper renewable energy, said Rohit Bajaj, head of business development at Indian Energy Exchange Ltd. Coal dominates Indian power generation but that is changing, with renewables accounting for more than 80% of new capacity last year, according to BloombergNEF. More variable generation from wind and solar means short-term trading will gain in importance -- offering buyers the flexibility to switch to the most efficient sources and giving clean power access to states with less renewable capacity. “Utilities are realizing the value of flexibility and competitive price discovery on the exchanges," Bajaj said by telephone. National investment in power cables means “there are no longer any constraints in transmission, so why go for long-term contracts?" Almost 90% of India’s electricity is traded via bilateral contracts that typically run for more than two decades between producers and provincial utilities. These take-or-pay contracts can be onerous for power retailers at times when cheaper renewable electricity is available. The share of power under long-term contracts is expected to fall to between 50% and 60% by the middle of the decade, according to the country’s Central Electricity Regulatory Commission. Reducing the amount of power under long-term c...

Shares of Indian Energy Exchange (IEX) have been trading near the support zone of Rs 138 in the last few sessions. They have corrected after breaching immediate resistance of Rs 140 in the previous session. On a year-to-date basis, the shares of IEX have tumbled 45%. In the current trading session, IEX stock has remained below the previous session’s close, signaling bearish sentiment in the stock. IEX stock, which closed at Rs 139.60 on December 28, hit an intraday low of Rs 137.35 on BSE.  Shares of IEX have fallen today after three sessions of gain.  IEX shares are trading higher than the 5 day moving averages but lower than 20 day, 50 day, 100 day and 200 day moving averages. The stock is trading in the red zone in terms of seven out of eight simple moving averages. Till date, the IEX stock has lost 50% from its 52-week high of Rs 271.95 hit on January 13, 2022.  At 12:46 pm, the IEX stock was trading at Rs 138.25 on BSE. Total 1.93 lakh shares of the firm changed hands amounting to a turnover of Rs 2.67 crore on BSE. Market cap of the firm stood at Rs 12,419 crore. It has high has a one-year beta of 1.2, indicating high volatility during the period. IEX has a high PE ratio of 41.21 against the industry PE of 33.21.   Recently, the energy exchange platform was in news after the firm said it has incorporated a subsidiary to explore business opportunities in the voluntary carbon market. The wholly owned subsidiary company is named International Carbon Exchange Pr...

Market veteran Basant Maheshwari says a poor business model can make a good balance sheet bad and vice versa. In a YouTube video that has been watched by 60,000 viewers so far, Maheshwari cited Ministry of Power's recent decision to go ahead with market coupling, potentially negating Indian Energy Exchange ( Maheshwari said investors following the IEX stock selloff would be tempted to the idea that the stock's price-to-earnings ratio has gone down to 45 times from 80 times, share price has fallen to Rs 125 from Rs 250, market cap-to-sales is now 25 times against 60 times earlier and that EV/Ebitda is reasonable now. But "These are stories to pacify oneself. To me, whenever a business see a permanent problem of this sort, the stock takes months and years to recover. The IEX stock should underperform significantly going ahead," Maheshwari said while also suggesting investors to consult their financial advisors before taking an investment decision and that his words are not an advice to 'Buy' or 'Sell' stock. Maheshwari, whose YouTube handle 'bmtheequitydesk' has 1,71,000 followings, said minority investors should ask self whether the business model and prospects remain same for the company. If the answer is no, one should move on, he said. Shares of IEX are in the bear grip, falling 21 per cent in the last one month. The stock is down 30 per cent in the last one year. Antique Stock broking last week suggested a target of Rs 105 on the stock. It noted that incentives by compe...