IEX falls despite logging 15% rise in total volume in February
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Indian Energy Exchange is currently trading at Rs. 146.45, down by 3.30 points or 2.20 % from its previous closing of Rs. 149.75 on the BSE.
The scrip opened at Rs. 154.40 and has touched a high and low of Rs. 154.40 and Rs. 146.20 respectively. So far 608109 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 173.30 on 01-Jan-2024 and a 52 week low of Rs. 116.05 on 09-Jun-2023.
Last one week high and low of the scrip stood at Rs. 158.30 and Rs. 139.10 respectively. The current market cap of the company is Rs. 13174.76 crore.
The Institutions and Non-Institutions held 39.71% and 60.29% stake in the company respectively.
Indian Energy Exchange (IEX) has achieved 9,462 MU total volume, in February 2024, marking a 15.4% year-over-year increase. The Market Clearing Price in Day Ahead Market during February 2024 was Rs 4.93/unit, down around 26% year-on-year, due to increased sell liquidity. The sell bids on the exchange (Day Ahead Market plus Real Time Market) during the month increased by 47% on YoY basis.
According to government data published in February 2024, the country's energy consumption reached 127.8BUs, representing an 8.5 % increase on a year-on-year 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.
