There is a lot of talk going on behind IEX As it has corrected more than 60 percent from top.
There are two many reasons behind that.
But this is a fundamentally good stock and think it's time to start accumulating the Stock for a long time, A pe come down to 40 from 100 and EPS is around 3.5 (2% growth from last quarter )
Public holding is increasing and fiFIIi is decreasing which is not a good sign but I am buying for the long term,
like the insurance market power exchange is a huge expansion potential as only 6-7 percent of electricity is traded electronically.
in comparison to developing countries, where power traded in exchange is around 30-50 percent.
some of the following reasons for buying (source: money control)
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company with No Debt
The strong cash-generating ability from core business -
Improving Cash Flow from operation for the last 2 years
A company able to generate Net Cash - Improving Net Cash Flow for the last 2 years
Annual Net Profits improving for the last 2 years
ps:- I started accumulating around 140 but with a very small quantity in a SEP manner.
this is not a recommendation. Do your research before taking a trade.