Indian Energy Exchange (IEX) shares witnessed a sharp decline of over 5% after Power Secretary reaffirmed the government’s commitment to implementing ‘market coupling.’ The stock was trading at ₹196.10, down ₹8.49 or 4.15%, at 2:02 PM on Monday.
The day’s trading saw IEX opening at ₹203.99, with a high of ₹204.16 and a low of ₹192.06, as investors reacted to the news. The previous close for the stock was ₹204.59.
The Power Secretary stated that plans for the market coupling of power exchanges are still on track, signaling the government’s intent to proceed with reforms in the energy sector. The market coupling initiative is designed to unify prices across multiple power exchanges, streamlining the trading process.
Stock Price Details (as of 2:02 PM):
- Current Price: ₹196.10
- Change: -₹8.49 (-4.15%)
- Open: ₹203.99
- High: ₹204.16
- Low: ₹192.06
- Previous Close: ₹204.59
The commitment to the market coupling plan continues to weigh on investor sentiment, pushing IEX shares lower as the session progresses. Further developments in this area are likely to impact the stock’s performance.
Disclaimer: The information provided here is for informational purposes only and should not be construed as financial advice. Please consult with a financial advisor before making any investment decisions.
