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Business Standard

IEX hits 52-week high as Antique retains 'Buy', says coupling risk fading

Antique Broking believes that coupling risk from the uniform market clearing price mechanism could be fading given the practical difficulties in its implementation

CNBC TV18

IEX shares may rise another 23%, says Antique; Brokerages turning bullish

IEX has seen a continued double-digit volume growth in August 2024, with year-to-date volume growth for FY25 up by 31% compared to the previous year.

Mint

Robust power demand charges IEX stock, aids earnings outlook

IEX is on track to exceed its annual volume growth guidance, driven by an increase in electricity volumes..IEX's expansion into renewable energy certificates, natural gas trading, and its venture into carbon trading positions it for long-term growth.

Business Standard

IEX electricity volume jumps 36% YoY to 12,040 MU in Aug'24

Indian Energy Exchange (IEX) informed that it has achieved electricity volume (including certificates) of 12,040 million units (MU) in August 2024, registering a growth of 35.8 % YoY basis.

Business Standard

IEX trade volume increases by nearly 36% to 12,040 mn units in Aug

Indian Energy Exchange (IEX) total trade volume rose 35.8 per cent year-on-year to 12,040 million units (MU) in August this year. The electricity volume increased 17.1 per cent year-on-year to 9,914 MU in August, an IEX statement said. According to the statement, IEX achieved total (trade) volume (including certificates) of 12,040 MU in August 2024, marking a 35.8 per cent year-over-year increase. The renewable energy certificates (REC) at 2,116 MU, increased 737.4 per cent year-on-year. At Rs 115 per certificate, the REC market recorded an all-time low price in the trading session held on August 28, 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. As the monsoon gained momentum in August, there was a substantial increase in hydro and wind power generation, enhancing the overall availability of renewable energy in the

CNBC TV18

IEX records 35.8% growth in August, renewable energy certificate segment surges 737%

This spike was accompanied by an all-time low REC price of ₹115 per certificate during the trading session on August 28, 2024. Shares of Indian Energy Exchange Ltd ended at ₹205.90, up by ₹2.55, or 1.25%, on the BSE.

CNBC TV18

Vedanta, Medi Assist, Adani Green, Matrimony and more: Top stocks to watch out for on September 3

stocks to watch, Vedanta, Medi Assist, Adani Green, Matrimony.com, Welspun Corp, NMDC, Maruti Suzuki, IEX and more, these are the stocks to watch for today.

CNBC TV18

IEX subsidiary ICX to issue international renewable energy certificates in India

International Carbon Exchange Private Ltd (ICX) on September 2 entered into an 'issuer agreement' with the International Tracking Standard Foundation (I-TRACK Foundation) and Evident EV Ltd. Shares of Indian Energy Exchange Ltd ended at ₹203.35, down by ₹0.25, or 0.12%, on the BSE.

Business Line

ICX to act as local issuer of I-RECs in India

Indian Energy Exchange’s shares trade 0.19% lower at ₹203.25

The Economic Times

Rains bring power prices down 35% on exchange

Incessant rains and increased hydro and wind power generation have caused a sharp fall in power prices on the Indian Energy Exchange this August. With daily prices significantly lower than last year, distribution companies and open access consumers find a strategic opportunity to optimize power procurement costs. The weather conditions have also reduced peak power demand compared to last year.

The Economic Times

Buy TCI Express, target price Rs 1,100: Emkay Global Financial Services

TCI's Q1FY25 print was weak owing to growing competitive intensity in the B2B express industry, exacerbated by a muted external environment. The management alluded to general elections leading to a temporary reduction in volumes in addition to its key customer segment (SME) facing elevated cost pressures resulting in lower utilization.

Mint

TCI Express Q1 Results Live: Profit Falls by 31.02% YoY

TCI Express Q1 Results Live: Revenue decreased by 3.9% YoY & profit decreased by 31.02% YoY

Business Line

Indian Energy Exchange: What should investors do

Risks and rewards appear evenly balanced for the company at this juncture

The Economic Times

IEX, Hero MotoCorp among 5 stocks with long unwinding

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Wednesday's trading session, five stocks witnessed a long unwinding.

The Economic Times

F&O Ban List: IEX, GNFC among 9 stocks under trade ban on Wednesday

The Future & Options contracts of any stock enter a ban period when its open interest (OI) exceeds 95% of the market-wide position limits (MWPL). The ban is lifted only when the open interest falls below 80% of MWPL

The Economic Times

Exchange prices fall as power demand subdues with monsoon onset

Power prices in the day ahead market in New Delhi have dropped due to rain, reducing electricity demand. The average price on the IEX between June 27 and July 7 was Rs 4.3 per unit, down 22% from earlier. Despite maintenance shutdowns, power availability meets demand. Increased trading volume is witnessed with lower prices.

Business Line

Broker’s call: TCI Express (Buy)

Prabhudas Lilladher

The Economic Times

Bharat Forge's Amit Kalyani on what's wrong with India's EV model and whether green hydrogen is the silver bullet

The London session emphasized innovative EV approaches, green financing, and electrification for energy transition. It celebrated the London Stock Exchange's role in supporting Indian companies and capital flows, showcasing financial expertise for India's growth.