This Multibagger Monopoly Stock Surges Post Business Update For March And Fy22

In a year this energy trading stock has given multibagger return to the tune of 109%. So, if you could identify the stock here we are referring to Indian Energy Exchange which is precisely the sole listed company in the category.

The stock since its closing price on April 5 of Rs. 245.5 has gained up to Rs. 251.5 at today's day high so made gains of over 2%.

This Multibagger Monopoly Stock Surges Post Business Update For March And Fy22

The company as per its release has clocked the highly monthly volume for the March month, which has been hitting an all time high of 9605 million units. The company in a BSE filing notified and said, "The Indian Energy Exchange achieved 9,605 MU volume in March'22 comprising 8,702 MU in
the conventional power market, 392 MU in the Green Power Market and 511 MU (5.11 lac
Certificates) in the REC Market registering 16% YoY volume growth across all market segments.
According to the power demand data published by the National Load Dispatch Center, the
energy consumption at 126 BU saw 2.5% YoY growth on a high base while the national peak
demand at 199.29 GW saw 7.2 % YoY growth during March'22.

For the last quarter of the fiscal year 2022, IEX achieved 27,017 MU volume and achieved 20%
YoY growth across all its market segments.

Cumulatively for the fiscal year 2022, the Exchange Market achieved an all-time high volume of
102,035 MU leading to 38% YoY growth. The growth in electricity volumes on the Exchange
platform clearly underlines the value delivered by the Exchange platform to the generators,
distribution utilities and the industrial consumers in facilitating the most competitive, flexible,
and efficient power trade.

As per the government data for the fiscal year 2022, the national peak demand for electricity at
200.5 GW saw 5.5% growth while electricity consumption at 1371.7 BU saw about 8% YoY
growth