Indian Energy Exchange (IEX) shares currently trade at ₹140.84 on NSE, reflecting a 1.79% intraday gain from previous close of ₹138.36. The stock operates within a 52-week range spanning ₹130.26 low to ₹215.40 peak achieved June 9, 2025—representing approximately 35% decline from yearly highs.
Current Technical Snapshot
Day’s range spans ₹138.40-₹141.70 with elevated volume of 17.77 million shares versus 13.43 million average. Market capitalization stands at ₹125,249 crore alongside P/E ratio of 26.62 on EPS ₹5.29. The stock hovers below both 50-day (₹140.50) and 200-day (₹161.36) moving averages, signaling medium-term bearish momentum.
52-Week Performance Context
From June 2025 peak of ₹215.40, IEX surrendered significant gains amid regulatory pressures on power exchange market coupling and volume growth moderation. The ₹130.26 low marked capitulation levels during sector-wide corrections. Current pricing reflects 8.2% premium to yearly bottom, offering potential value entry for long-term investors.
Fundamentals Driving Valuation
IEX maintains dominant 95%+ market share in India’s power exchange segment, processing physical electricity, RECs, and ESCerts trading. Q2 FY26 delivered 13.9% profit growth to ₹123.35 crore on 10.4% revenue rise to ₹153.92 crore. Trajectory supports premium multiples despite near-term volume headwinds.
Key Support and Resistance Levels
Immediate support clusters at ₹138.40 (today’s low) and ₹130.26 (52-week bottom). Upside resistance emerges at ₹141.70 (today’s high), ₹150.00 psychological barrier, and ₹161.36 (200DMA). Sustained move above ₹145 signals short-term bullish reversal targeting ₹160 zone.
Investment Considerations
At 26.62x earnings, valuation balances growth prospects against regulatory overhang. Power sector reforms, green energy transition, and market coupling resolution represent key catalysts. Traders monitor volume surge (32% above average) alongside broader Nifty consolidation for directional cues.
Market Context
IEX performance aligns with power sector consolidation amid rupee depreciation pressures and FII outflows. Q3 earnings season and Union Budget infrastructure allocations remain pivotal triggers alongside RBI intervention dynamics near ₹90.50 USD/INR threshold.
