IEX said the renewable energy certificates (REC) stood at 3,150 MU for the month, up 405 per cent YoY. At Rs 120 per certificate, the REC market recorded an all-time low price in the trading session held on July 31, it said.

Indian Energy Exchange: IEX shares in focus after July power market update

Indian Energy Exchange (IEX) informed that it has achieved electricity volume of 10,093 million units (MU) in July 2024, registering a growth of 29% YoY basis.

IEX electricity volume jumps 29% YoY to 10,093 MU in Ju1′24

In July 2024, the Indian Energy Exchange (IEX) set a new record with the highest total trading volume, including certificates, reaching 13,250 MU. The figure marks an approximately 56% increase Y-o-Y.

IEX total volume rises 56% YoY to 13,250 MU in July; stock trades flat

Shares of Indian Energy Exchange (IEX) closed 3.68% higher at Rs 174.45 in Wednesday against the previous close of Rs 168.25 on BSE.

IEX shares in news today as Q1 profit surges 27%

Indian Energy Exchange (IEX) on Wednesday posted over 27 per cent rise in consolidated net profit to Rs 96.44 crore for June quarter, mainly on the back of higher revenues. The company had reported a consolidated net profit of Rs 75.82 crore in the quarter ended on June 30, a BSE filing showed.

IEX Q1 Results: Net profit soars over 27% YoY to Rs 96 crore

Indian Energy Exchange consolidated net profit rises 27.18% in the June 2024 quarter

Upcoming results:Larsen and Turbo, Axis Bank, Aditya Birla Sun Life AMC, Bajaj Finserv, Bajaj Holdings, Bikaji Foods, CMS Info System, Craftsman Automation, DCB Bank, Federal Bank, Go Fashion, HFCL, Indian Energy Exchange, IGL, Jindal Steel and Power, JK Paper, KPIT Tech, Karnataka Bank, Mahindra Lifespace Developers, MAS Financial Services, Oracle Financial Services, Petronet, PG ELectroplast, Hitachi Energy, Ramkrishna Forgings, SBI Life Insurance, Sona BLW Precision Forging amd Syngene International.

Stock Alert: Bajaj Finance, Hindustan Unilever, Torrent Pharma, Schaeffler India, ICICI Securities,

The Indian Energy Exchange (IEX), India’s leading and only listed power exchange, holds an 84% market share in the Short Term (ST) power market despite a 44% drop in stock price from its peak. While IEX has appreciated 5.4% in 2024 and rallied 32% in FY25, the risk of market coupling, which could diminish its market dominance, looms large. However, favorable regulatory developments may aid long-term growth. Despite a trailing PE of 45 appearing high, long-term structural benefits suggest investors holding the stock should continue to do so, but new investors should await clarity on market coupling’s implementation by the Central Electricity Regulatory Commission (CERC).

Indian Energy Exchange: What Should Investors Do

Indian Energy Exchange (IEX) board on Friday approved the proposal to reappoint Satyanarayan Goel as its Chairman and Managing Director and to appoint Rohit Bajaj as its Joint Managing Director.

IEX board reappoints SN Goel as CMD, promotes Rohit Bajaj as Joint MD

The Indian Energy Exchange (IEX) on Tuesday posted a 19 per cent growth in its overall trade volume to 28,178 million units in the April-June period of FY25.

IEX overall trade volume rises 19% to 28,178 million units in Apr-Jun

Indian Energy Exchange achieved electricity volume of 10,185 MU in June′24, marking a 24.7% year on year increase. The total monthly volume including certificates at 10,677 MU, increased 19.4% on year-on-year basis.

IEX records 24.7% growth in electricity volume in June

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Indian Energy Exchange operates as a power exchange. It offers an online electricity trading platform for trading, clearing, and settlement operations.