Motilal Oswal: IEX - Long-Term Play In Short-Term Market; Expect Volumes To Rise At 20% CAGR  
A stock broker trades at Motilal Oswal Securities Ltd. (Photographer: Kuni Takahashi/Bloomberg)

Motilal Oswal: IEX - Long-Term Play In Short-Term Market; Expect Volumes To Rise At 20% CAGR  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Indian Energy Exchange Ltd. is an electricity exchange that offers a transparent and efficient platform for the Short-Term (ST) trading of power.

Over the past decade (FY11– 20), volumes on IEX have jumped more than 4 times.

With new product launches, a continued oversupplied market, and IEX’s competitive positioning, we expect volumes/profit after tax for IEX to increase at a 20%/19% compound annual growth rate over FY21–23.

Click on the attachment to read the full report:

Motilal Oswal IEX-Initiating Coverage.pdf

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