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Indian Energy Exchange gains on reporting 14% rise in overall volume in April 2024

03 May 2024 Evaluate

Indian Energy Exchange is currently trading at Rs. 157.60, up by 1.50 points or 0.96% from its previous closing of Rs. 156.10 on the BSE.

The scrip opened at Rs. 158.05 and has touched a high and low of Rs. 160.40 and Rs. 154.65 respectively. So far 686120 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. 161.35 and Rs. 154.65 respectively. The current market cap of the company is Rs. 14026.33 crore.

The Institutions and Non-Institutions held 38.15% and 61.86% stake in the company respectively.

Indian Energy Exchange (IEX) has achieved 9,044 MU overall volume in April 2024, marking a 14.1% year-over-year (YoY) increase. The renewable energy certificates (REC) at 618 MU, increased 211% YoY. At Rs 204 per certificate, the REC market recorded an all-time low price in the trading session held on April 24, 2024. The REC prices have declined by 80% on YoY basis. These prices provide an opportunity to obligated consumers to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations.

The Market Clearing Price in Day Ahead Market during April 2024 at Rs 5.1/unit reduced approximately 6% year-on-year. The sell bids on the exchange (Day Ahead Market plus Real Time Market) during the month increased by 21% on YoY basis. The DAM prices were lower by almost 45% as compared to prices discovered under bilateral contracts.

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.

Indian Energy Exch Share Price

135.65 1.35 (1.01%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 393.65
Tata Power 427.45
Adani Power 198.40
Power Grid Corp 318.05
Torrent Power 1565.30
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