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IEX stock hit an intraday low of Rs 145.35, down 11.39% against the previous close of Rs 164.05 on BSE. Later, the stock closed 10.24% lower at Rs 147.25 on BSE.
IEX shares: Nuvama's views come after the IEX stock slipped 9% in the last 30 minutes of trade on Thursday.
IEX stock hit an intraday low of Rs 135.40, down 8.97% against the previous close of Rs 148.75 on BSE. Later, the stock closed 8.24% lower at Rs 136.50 on BSE.
Shares of Indian Energy Exchange (IEX) are trading at a 51% discount to their 52-week high. IEX stock stood at Rs 147.90, down 0.47% today against the previous close of Rs 148.60. The current market price amounts to a 51.3% discount to the 52-week high of Rs 304.05 hit on December 10, 2021. IEX shares are trading higher than 5 day, 20 day and 50 day moving averages but lower than 100 day and 200 day moving averages. It has lost 39.81% in a year and fallen 41.53% this year.