IEX stock in oversold zone, down 51% from 52-week high; time to buy?
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.
Source: businesstoday.in
