IEX declines despite logging 24% surge in total volume in September 2024

07 Oct 2024 Evaluate

Indian Energy Exchange is currently trading at Rs. 201.80, down by 6.05 points or 2.91% from its previous closing of Rs. 207.85 on the BSE.

The scrip opened at Rs. 209.00 and has touched a high and low of Rs. 212.30 and Rs. 198.75 respectively. So far 248000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 244.35 on 24-Sep-2024 and a 52 week low of Rs. 121.30 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 212.30 and Rs. 198.75 respectively. The current market cap of the company is Rs. 17918.57 crore.

The Institutions and Non-Institutions held 42.91% and 57.10% stake in the company respectively.

Indian Energy Exchange (IEX) has achieved total monthly volume (including certificates) of 11,370 MU in September 2024, marking a 24% year on year increase. The electricity volume (including green electricity volume) during the month at 10,332 MU, increased 21% YoY.

The renewable energy certificates (REC) at 1,031MU, increased 100% YoY. At Rs 110 per certificate, the REC market recorded an all-time low price in the trading session held on September 25, 2024. These prices provide an opportunity to obligated entities (DISCOMS and Captive Power Producers) to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations.

The Day-Ahead Market (DAM) volume increased to 4,610 MU in September 2024, from 3,467 MU in September 2023, registering an increase of 33% YoY. The DAM segment registered total volumes of 14,332 MU during Q2FY25, increase of 27% over Q2FY24.

IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 723 MU volume during September 2024 as compared to 230 MU in September 2023, registering an increase of 214% YoY. The total volume of the Green Market during the quarter was 2,584 MU, growth of 246% over Q2 FY24.

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

178.25 -4.80 (-2.62%)
19-Dec-2024 09:09 View Price Chart
Peers
Company Name CMP
NTPC 335.45
Tata Power 410.00
Power Grid Corp 315.65
Adani Power 510.65
Torrent Power 1577.00
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