On Tuesday, shares of the Indian Energy Exchange (IEX NSE 5.94 percent) rose 9% to a new 52-week high. The most recent entrant into the F&O industry has recently been on a roll. This company is with a market share of more than 92%. The Indian Energy Exchange (IEX) enjoys that distinction, despite the fact that it is still in its infancy.
On Tuesday, IEX shares rose 9% to Rs 521.55 before trading at Rs 517.75 at 10.45 a.m. At the same time, the BSE Sensex was up 178.57 points, or 0.31 percent, to 57,068.33. On Monday, it closed at Rs 480.35.
IEX earned 356.23 crores in 2020-21, made a net profit of 205.43 crores, and paid a total dividend of 4 for each share of 1 in FY22; in Q1 of FY22, the numbers were 103 crores and 62 crores, respectively, with a share price of 1.41. The IEX stock closed at 436 on the NSE on Friday.
Investors have profited handsomely from IEX shares. In the first eight months of 2021, the stock has gained more than 125 percent. In just two days, the stock has gained more than 20%.
The Indian Energy Exchange's (IEX) day-ahead market for power has reached its peak. In comparison to Rs 2.95 per unit in July, the average price is now hovering at Rs 6-7 per unit.
According to sources, the power ministry is mulling issuing a statutory order allowing roughly 4,400 MW capacity of two Tata Power and Adani Power facilities at Mundra to sell electricity on power exchanges for a month.