IEX Stock Crash: This stock fell badly as soon as the market opened, Jefferies made this big prediction

News Topical, Digital Desk : IEX Stock Crash: Shares of Indian Energy Exchange Ltd fell by about 8% on Monday, 28 July 2025. This decline has happened mainly after the prediction made by brokerage firm Jefferies.

This has happened after Jefferies reduced its forecast for the company's stock price. Jefferies has maintained its "underperform" rating for IEX and reduced the price target from ₹ 150 to ₹ 105, which is 28% below Friday's closing price.

Jefferies has said in its report that the new market coupling rules that will come into effect from January 2026 will rapidly reduce IEX's market share. IEX's market share was more than 80% in the financial year 2025, which is likely to fall to around 50% by the financial year 2028. IEX is competing with its rival company, which aims to take 33% market share. Along with this, the third exchange PXIL is also present, which will increase competition further. In the medium term, IGX (Indian Gas Exchange) can create some value for IEX, but IEX's share in it is likely to be only 25%. 

Futures and Options Jefferies has assumed a September 2027 projected P/E ratio of 20 for IEX, which is 43% lower than the historical average of 35. The stock's projected return on equity (RoE) has been lowered to around 27% from 35-40% earlier. Also, IEX shares are trading at ₹135.09 after a 7% drop on Monday. Futures and Options (F&O) restrictions on the stock have also been removed, allowing new positions to be created. This decline comes after a massive drop of over 30% last week, which came after CERC's approval of market coupling rules. This has led to increased anxiety among investors. IEX's volatility in the past week has kept the stock in high volatility.

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