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