IEX.NS Stock Today, January 8: Market Coupling Rollback Hopes Lift Stock
IEX share price is in focus today after signs that CERC could withdraw its 2025 market coupling order. A CERC lawyer told APTEL they would take instructions, easing a key overhang before the Jan 9 hearing. We track IEX.NS as traders weigh upside against regulatory risk. Momentum indicators improved, while the 50-DMA near Rs 140 is a key pivot. We break down the catalyst, near-term levels, brokerage views, and what to watch next.
Why the regulatory signal matters
The latest trigger came after a CERC lawyer told APTEL they would take instructions on withdrawing the 2025 market coupling order, which had pressured the power exchange space. The development buoyed sentiment and reduced policy uncertainty for IEX. CNBC-TV18 reported the stock jumped on the update, keeping traders engaged ahead of the next step in the case source.
The next hearing is slated for January 9. Investors will watch if APTEL records CERC’s position, seeks a formal withdrawal, or sets a new timetable. Any clarity could reset sector valuations and volumes assumptions for FY26. We expect heightened volatility around the order flow. Until the record is public, the IEX share price may react sharply to headlines and legal filings.
Trading setup: key levels and indicators
Momentum improved. RSI is 65.29 and MFI is 72.71, pointing to steady buying. CCI at 131.88 signals a near-term stretch. On Bollinger Bands, the lower band is Rs 130.59 and the upper is Rs 147.29, framing the current range. Average True Range is 4.37, suggesting day moves of roughly Rs 4 to Rs 5. Risk control remains important near resistance.
Price is near the 50-DMA at Rs 140.26, while the 200-DMA at Rs 161.84 caps the medium-term trend. The 52-week range stands at Rs 130.26 to Rs 215.40. Immediate support sits around Rs 131 to Rs 133, with resistance at Rs 145 to Rs 148. A sustained close above the 50-DMA can keep the IEX share price on the front foot.
Street view and valuation check
JM Financial reiterated that market coupling remains uncertain but set a Rs 160 target, implying measured upside if regulatory fear recedes. Their stance keeps a trading lens on risk-reward into upcoming events and volumes recovery. The call supports a buy-on-dips approach near support zones while respecting headline risk source.
On fundamentals, IEX trades at 29.3x TTM earnings with EPS of Rs 5.28. Dividend yield is about 2.9%. ROE stands at 41% and the balance sheet is near debt-free. Market cap is roughly Rs 13,765 crore. These metrics suggest a quality, high-margin platform where growth depends on electricity market volumes and regulatory clarity.
What to watch next
Key dates include the January 9 APTEL hearing, which could shape policy direction, and the January 29 results, where management commentary on demand, clearing volumes, and any regulatory read-across will matter. A constructive legal outcome and stable volumes could support the IEX share price into month-end, while adverse signals may cap rallies.
We prefer a level-based plan. Accumulate on dips toward Rs 132 to Rs 135 with stops below Rs 130. Trim near Rs 145 to Rs 148 unless price closes above the 50-DMA. A breakout above Rs 148 opens Rs 155 to Rs 160. Keep position sizes modest into the hearing, as headline risk remains elevated.
Final Thoughts
Hopes of a rollback in CERC market coupling eased policy stress and supported sentiment in IEX. Into the January 9 APTEL hearing, we see a level-driven market with the 50-DMA near Rs 140 as the key pivot and Rs 148 as the first hurdle. JM Financial’s Rs 160 target highlights upside if regulatory fear fades, but we would respect stops below Rs 130. Near term, momentum is positive, yet stretched readings argue for discipline. For investors, the practical approach is to scale entries on weakness, book partial profits near resistance, and reassess post-hearing and with January 29 results in hand.
FAQs
What moved the IEX share price today?
Sentiment improved after a CERC lawyer told APTEL they would take instructions on withdrawing the 2025 market coupling order. The update reduced perceived regulatory risk and supported near-term buying interest ahead of the January 9 hearing, where investors expect greater clarity.
What is JM Financial’s target and view on IEX?
JM Financial set a Rs 160 target and noted market coupling remains uncertain. The call points to selective upside if regulatory fears continue to ease, while advising caution around headline risk. Traders may prefer buying near support and trimming near resistance until clarity emerges.
What are the key technical levels to watch on IEX?
Immediate support is around Rs 131 to Rs 133. The 50-DMA near Rs 140 is a pivot. Resistance sits at Rs 145 to Rs 148, with a breakout opening Rs 155 to Rs 160. Bollinger Bands span roughly Rs 131 to Rs 147, with ATR near Rs 4 to Rs 5.
What upcoming events could affect IEX this month?
Two events stand out: the January 9 APTEL hearing on CERC market coupling, which could shift policy expectations, and the January 29 results, where updates on volumes and guidance will matter. Both can influence the IEX share price and short-term positioning.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
