Indian Energy Exchange surges on logging 5% growth in volume during September 2022

Indian Energy Exchange is currently trading at Rs. 145.70, up by 2.20 points or 1.53% from its previous closing of Rs. 143.50 on the BSE.

Indian Energy Exchange
Indian Energy Exchange

The scrip opened at Rs. 144.15 and has touched a high and low of Rs. 146.70 and Rs. 143.95 respectively. So far 513551 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 318.40 on 19-Oct-2021 and a 52 week low of Rs. 138.75 on 30-Sep-2022.

Last one week high and low of the scrip stood at Rs. 146.70 and Rs. 138.75 respectively. The current market cap of the company is Rs. 13125.07 crore.

The Institutions and Non-Institutions held 42.42% and 57.58%, stake in the company respectively.

Indian Energy Exchange (IEX) has achieved 8160 MU volume in September 2022, registering a 5% month-on-month (MoM) growth. This included 7118 MU in the conventional power market, 454 MU in the Green Power Market, and 588 MU in the REC Market.

The supply side constraints continued because of high prices of e- auction coal, imported coal and gas. This led to the average clearing price in the Day-ahead market rising to Rs. 5.63 in September, which was 9% higher on MoM basis and 28% higher on YoY.

The total volume in September 2022 has lower by 8% on YoY basis while in the second quarter of the fiscal year 2023, the Exchange Market registered 23,115 MU volume, which has lower by 11% YoY across market segments. Cumulatively, the total volume traded in H1 FY2023 marginally declined by 1% over H1 FY22.

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.

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