Buy Indian Energy Exchange, target price Rs 385: ICICI Direct

By Indiatimes8 days ago


ICICI Direct has buy call on Indian Energy Exchange with a target price of Rs 385. The current market price of Indian Energy Exchange Ltd. is Rs 352.9.

Indian Energy Exchange Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 10599.81 Crore) operating in Financial Services sector.

Financials For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 96.09 Crore, up 22.09 % from last quarter Total Income of Rs 78.71 Crore and up 38.42 % from last year same quarter Total Income of Rs 69.42 Crore. Company reported net profit after tax of Rs 58.14 Crore in latest quarter.

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