If you are looking for “IEX share price targets” for upcoming years you are in the right place. Before we dive into IEX stock price targets, Let’s understand the IEX company background, technical fundamentals, etc.
About IEX Limited
IEX full form is Indian Energy Exchange and it’s India’s premier energy marketplace, providing a nationwide automated trading platform for the physical delivery of electricity, renewables, and certificates.
It has around 6800+ participants across 29 states.
Fundamentals of IEX
Let’s look at the fundamentals of IEX, based on which we can get a clear understanding of the expertise in the renewable energy sector.
- Current Market Cap: The current market cap of IEX as of July 16 2022, is ₹14,657.30 Cr.
- P/E Ratio: The current price to earning ratio of IEX is 48.45.
- EV/EBITDA: 34.75
- Sales Growth: Sales growth over the period of time for IEX is 23.38%
- Profit Growth: Profit growth is around 19.99 % over the period of time
IEX Price Target Details
We have done a complete analysis of IEX and have come up with its share price targets for upcoming years.
Note: These price targets of “IEX” is only for reference purpose only, this prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.
After analyzing the chart deeply by taking the monthly time frame analysis on the trading view chart of IEX we found, the chart is in currently downtrend, trading at Rs.159. In 2020 it reached peak to Rs.320. The company fundamentals are strong, but this market macro environment is not allowing the stock to move up, but considering the pullback, by the end of December this IEX share price can go upto Rs.270
The target share price of IEX for the year 2022 will be ₹270
Looking at the chart from 2018 since IPO launch, the stock was in its consolidation zone till 2020 end, after the announcement of major projects and tie up, the retail investor showed lot of investor in this stock, which boosted the stock price, and never went on downtrend, it reaches its stock price to Rs.100 from Rs.50. For sure when the market is going to be stable this stock will break the upper circuit and reach the next target Rs.380 as per febbunachi graph.
The target share price of IEX for the year 2023 will be ₹380
Similarly 2024 target as will be achieved positively because of the upcoming strong plan by IEX, our experts calculated that the share price can reach upto Rs.550.
The target share price of IEX for the year 2024 will be ₹550
The target share price of IEX for the year 2025 will be ₹790
The target share price of IEX for the year 2027 will be ₹930
The target share price of IEX for the years 2027, 2028, 2029, and 2030 will be ₹1240, ₹1590, ₹1800, and ₹2050 respectively.
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