This Small Cap Diversified Company To Consider Bonus Issue On October 21

Amid news that the diversified company's board shall meet on October 21 to consider and approve bonus issue. The announcement by Indian Energy Exchange on October 18, 2021 said 18 that the board of directors of the company in its meeting scheduled on October 21, 2021 (Thursday) shall inter-alia also consider the proposal for the declaration of bonus issue of equity shares subject to the approval of the shareholders of the company.

This Small Cap Diversified Company To Consider Bonus Issue On October 21

In view of the corporate announcement, there is seen renewed buying interest and couple with euphoria in the markets, the stock hit fresh high of Rs. 956, gaining almost 20 percent intra-day.

Indian Energy Exchange has been performing well and so far this year has gained almost 250 percent.

The small cap company offers a power trading platformnfor the physical delivery of electricity, renewables, and certificates. More recently, IEX has pioneered cross border electricity trade expanding its power market beyond India in an endeavour to create an integrated South Asian Power Market. IEX is powered by state-of-the-art, intuitive and customer centric technology, enabling efficient price discovery and facilitating the ease of power procurement.

It also has a strong base of 4400+ commercial and industrial consumers representing industries such as such as metal, food processing, textile, cement, ceramic, chemicals, automobiles, information technology industries, institutional, housing, and real estate, and commercial entities.

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