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Transforming Energy Exchange in India
Transforming Energy Exchange in India
Transforming Energy Exchange in India
Risk Factor :
Shareholding (%) The implementation of the market coupling will enable the
Promoter - buyer/seller to match their order in competitive exchange as weill
and this would challenge the IEX’s domination in the segment
Institutions 62.2
Valuation
Public 37.8
IEX commands premium valuation of 60X FY23 EPS due to its
monopolistic status in a huge market. We believe these valuations
are sustainable with limited scope of PE rerating
Research Methodology:
Our Research approach is Goal based, Techno-Funda & Top to Bottom approach
Theme • Identify emerging sector cycle for medium to long term perspective
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