Shares of the power exchange surged 22.13% in five trading sessions from its previous closing low of Rs 127.90 on 31 March 2023.

On the BSE, 4.33 lakh shares were traded in the counter so far compared with average daily volumes of 9.13 lakh shares in the past two weeks. The stock hit a high of Rs 156.9 and a low of Rs 151.25 so far during the day.

The stock hit a 52-week high of Rs 245.45 on 11 April 2022. The stock hit a 52-week low of Rs 125.75 on 29 March 2023.

The stock had outperformed the market over the past one month, rising 4.94% compared with 1.73% increase in the Sensex.

The scrip had also outperformed the market in past one quarter, increasing 10.19% as against Sensex's 0.09% rise.

However, the counter had underperformed the market in past one year, sliding 33.81% as against 2.02% jumps in Sensex.

On the technical front, the stock's daily RSI (relative strength index) stood at 64.715. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

In daily chart, the stock is trading above its 50, 100 and 200 days simple moving average (SMA) placed at 141.69, 142.21 and 148.57 respectively. These levels will act as crucial support zones in near term.

IEX is India's premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates.

The company's consolidated net profit shed 3.9% to Rs 77.22 crore on 14.7% declined in net sales to Rs 100.28 crore in Q3 FY23 over Q3 FY22.