2 days ago
Jefferies Sticks to Their Sell Rating for Indian Energy Exchange Ltd. (IEX)
In a report released today, Lavina Quadros from Jefferies maintained a Sell rating on Indian Energy Exchange Ltd., with a price target of INR105.00. The company's shares closed last Friday at INR144.80.
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According to TipRanks, Quadros is a 4-star analyst with an average return of 13.4% and a 62.50% success rate. Quadros covers the Energy sector, focusing on stocks such as NTPC Limited, Adani Energy Solutions Ltd, and Adani Green Energy Limited.
Indian Energy Exchange Ltd. has an analyst consensus of Moderate Sell, with a price target consensus of INR132.50.
Based on Indian Energy Exchange Ltd.'s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR1.75 billion and a net profit of INR1.17 billion. In comparison, last year the company earned a revenue of INR1.21 billion and had a net profit of INR966.86 million
