IEX rises on achieving 7764 MU total volume in November 2022
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Indian Energy Exchange is currently trading at Rs. 151.20, up by 1.00 points or 0.67% from its previous closing of Rs. 150.20 on the BSE.
The scrip opened at Rs. 150.25 and has touched a high and low of Rs. 152.30 and Rs. 150.10 respectively. So far 510980 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 304.05 on 10-Dec-2021 and a 52 week low of Rs. 133.95 on 25-Oct-2022.
Last one week high and low of the scrip stood at Rs. 151.30 and Rs. 146.45 respectively. The current market cap of the company is Rs. 13578.90 crore.
The Institutions and Non-Institutions held 38.18% and 61.82% stake in the company.
Indian Energy Exchange (IEX) has achieved 7764 MU total volume traded in November 2022, including Green Power trade of 354 MU, and 3.72 lakh RECs (equivalent to 372 MU). The total electricity volume traded on the Exchange in November 2022 was 7392 MU, an increase of 9% on year-on-year (YoY). However, the overall volume reduced 16% YoY, as the corresponding month last year had exceptionally high REC volumes of 24.4 lakh to fulfil the pent-up demand caused by a 16-month gap of trading.
Improving coal inventory and onset of winters will lead to further price correction on the Exchange, providing cost optimisation opportunities to Discoms and Open Access consumers. According to the power demand data published by the National Load Dispatch Center, the energy consumption stood at 113 BU during November 2022, increasing 13% on YoY basis.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
