Shares of Indian Energy Exchange Ltd (IEX) traded marginally higher in Tuesday’s session, following a large block trade worth ₹201.71 crore. As per market data, nearly 1 crore equity shares—representing approximately 1.12% of the company’s total equity—changed hands at a price of ₹201.50 apiece on the NSE.
Despite the sizeable transaction, investor response remained muted, with the stock rising just 0.79% to ₹202.76 as of 2:15 PM. The intraday movement saw the stock trade within a narrow range of ₹197 to ₹204.50, close to its previous close of ₹201.17.
The identity of the buyers and sellers in the block deal has not yet been disclosed. However, such trades often indicate portfolio rebalancing or stake realignment by institutional participants.
At current levels, the stock commands a market capitalization of ₹180.33 billion and trades at a P/E ratio of 42.00. The average daily volume stands at 7.30 million shares.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
