{"id":70151,"date":"2022-10-27T18:05:00","date_gmt":"2022-10-27T12:35:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=70151"},"modified":"2022-10-27T19:14:18","modified_gmt":"2022-10-27T13:44:18","slug":"this-monopoly-stock-is-down-47-this-year-do-you-own-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/this-monopoly-stock-is-down-47-this-year-do-you-own-it\/","title":{"rendered":"This Monopoly stock is down 47% this year; Do you own it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-763642683\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Indian Energy Exchange Limited reached its new 52-week low of Rs 133.85 in the early hours of Tuesday. After a day off, the shares started on a weak note again on Thursday and were trading at Rs 139 levels.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-921422946\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The shares declined after the company reported a decline of 7 percent in its net profit which stood at Rs 70 crores down from Rs 77 crores in the same period the previous year. Their revenue from operations in the period also declined to Rs 95 crores from Rs 110 crores Year on Year (YoY).&nbsp;<\/p><p>The stock has been on a downtrend for quite some time now. On a year-to-date basis, the stock has declined by 47 percent from Rs s 258 in January to the current levels.&nbsp;<\/p><p>The stock reached its 52-week high of Rs 303.80 in December last year. Currently, it is trading at a discount of 53 percent from those levels.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2104459841\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In India, there are three Power exchanges. Power Exchange India (PXIL) and Indian Energy Exchange Limited (IEX) are the oldest which started operation in 2008, while Hindustan Power Exchanges (HPX) commenced its operations in July 2022.&nbsp;<\/p><p>All these years, IEX has been considered a Monopoly company as it has a robust ecosystem and a strong market share compared to its competitors. Also, it was the only company to be listed on the Indian stock exchanges among its peers.&nbsp;<\/p><p>The company addressed the loss by saying that the loss is temporary. Supply-side constraints led the volumes to move from Day-Ahead-Market (DAM) to Day-Ahead Contingency (DAC).&nbsp;<\/p><p>Secondly, the exemption of transmission charges created an anomaly, leading to a shift in volumes from Day-Ahead-Market (DAM) to Term-Ahead-Market (TAM).&nbsp;<\/p><h4 class=\"wp-block-heading\" id=\"h-here-s-what-analysts-have-to-say-about-the-company\"><strong>Here&#8217;s what analysts have to say about the company:&nbsp;<\/strong><\/h4><p>\u201cIn our view, breaking IEX\u2019s network effect is difficult for HPX and PXIL, and incentives offered by them are momentary and unlikely to create any significant dent in IEX\u2019s market share \u2013 premature to write off IEX\u2019s monopoly,\u201d said <strong>Edelweiss Securities Limited.&nbsp;<\/strong><\/p><p>A note from <strong>ICICI Direct <\/strong>highlighted, \u201cFor the past year, IEX remained richly valued given its clean balance sheet, but was unable to garner volumes due to unfavorable macros.&#8221;&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-4276938008\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Indian Energy Exchange Limited currently has a 90 percent market share in the power exchange market in India.&nbsp;<\/p><p><strong>Written by Anoushka Roy<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3986767474\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Indian Energy Exchange Limited reached its new 52-week low of Rs 133.85 in the early hours of Tuesday. After a day off, the shares started on a weak note again on Thursday and were trading at Rs 139 levels.&nbsp; The shares declined after the company reported a decline of 7 percent in [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-70151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>This Monopoly stock is down 47% this year; Do you own it? - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/this-monopoly-stock-is-down-47-this-year-do-you-own-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This Monopoly stock is down 47% this year; Do you own it?\" \/>\n<meta property=\"og:description\" content=\"The shares of Indian Energy Exchange Limited reached its new 52-week low of Rs 133.85 in the early hours of Tuesday. 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