IEX Share Price: UBS predicts end to prolonged downturn
Indian Energy Exchange (IEX) shareholders may be in for a break as a long-running downturn could soon come to an end. The sustained losses were due to market coupling, according to UBS, but the issue has now been resolved. The brokerage house has set a target of INR 200 for the share price and recommends it as a buy.
Market coupling refers to the differences in buy and sell orders on different exchanges. Price discovery is different on each exchange, and the process of setting power tariffs is complex. Currently, there are 288 price discoveries across three power exchanges.
Market coupling can bring power price discovery into alignment, improve transmission line usage, increase electricity trading, and lower peak electricity prices.
With UBS’s recommendation to buy IEX shares, investors may be able to capitalize on these positive outcomes for the company and the industry.
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