IEX shares surge over 3% after Investec initiates ‘Long Fast’ call with a target of ₹215 | Business Upturn

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Indian Energy Exchange (IEX) shares surged 3.1% to ₹208.79 on the NSE as of 9:35 AM, following Investec’s initiation of a ‘Long Fast’ call with a target price of ₹215. The stock opened at ₹202.70, reached a high of ₹209.15, and a low of ₹202.69, reflecting positive investor sentiment after the brokerage’s optimistic outlook.

Investec cited expectations of 44% overall volume growth and 17% core volume growth (excluding REC) for Q2FY25, driving strong EBITDA growth of over 30% YoY. The firm believes that the recent market volatility provides an attractive entry point for investors, pushing IEX shares higher in today’s trading.

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TOPICS: IEX