IEX - Trading at almost 50% points away from 52 week high

IEX

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Indian Energy Exchange (IEX) is the premier electricity exchange in India, which facilitates trading of electricity regulated by the Central Electricity Regulatory Commission


IEX commands a market share of ~90% in the power exchange market


The company has a debt free balance sheet with cash & investments to the tune of ~ |340 crore


Found attractive swing trade/ short term investment opportunity with lower risk ratio


Buy for the target - 166, 180, 220
Stoploss - 130