Indian Energy Exchange is currently trading at Rs. 133.70, up by 6.10 points or 4.78% from its previous closing of Rs. 127.60 on the BSE.
The scrip opened at Rs. 127.65 and has touched a high and low of Rs. 134.85 and Rs. 127.65 respectively. So far 1257932 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 163.75 on 11-May-2023 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. 134.85 and Rs. 124.40 respectively. The current market cap of the company is Rs. 11921.93 crore.
The Institutions and Non-Institutions held 36.73% and 63.27% stake in the company respectively.
Indian Energy Exchange (IEX) has achieved 9260 million units (MU) total electricity volume in October 2023, registering an increase of 21% on Year-on-Year (YoY) basis. IEX achieved 9,483 MU overall volume, including 2.17 Lakh Renewable Energy Certificates (RECs) (equivalent to 217 MU) and 5,814 Energy Saving Certificates (ESCerts) (equivalent to 5.8 MU). The overall volume traded during October increased 18% on YoY basis.
In October 2023, the country's energy consumption reached 139 billion units, marking a substantial 22% year-on-year increase due to a surge in electricity demand owing to increase in electricity consumption, below-average rainfall in October, and a lower base from the same month last year. This upsurge in power demand prompted DISCOMs to actively purchase power on the exchange to meet the increased demand, thereby leading to a significant increase in trade volumes on IEX.
This surge in demand pushed Day-Ahead Market (DAM) prices on the Indian Energy Exchange to Rs 6.45 per unit, representing a substantial 68% year-on-year increase on a lower base price from the same month last year.
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.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
| View more.. | |
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