Buy Indian Energy Exchange, target price Rs 385: ICICI Direct
ICICI Direct has a buy call on Indian Energy Exchange NSE -0.63 % with a target price of Rs 385 for a duration of 14 days. The current price of Indian Energy Exchange is Rs 356.6. ICICI Direct recommended to keep a stoploss at Rs 332.
Indian Energy Exchange, incorporated in the year 2007, is a Mid Cap company with a market cap of Rs 10704.65 Crore operating in Financial Services sector.
Indian Energy Exchange key Products/Revenue Segments include Sale of services and Other Operating Revenue for the year ending 31-Mar-2020.
Investment rationale
According to the ICICI Direct report, share price of Indian Energy Exchange is in strong up trend forming higher peak and higher trough in all time frame.
