In August, 2023, the CERC floated a staff paper on market coupling and sought comments from stakeholders on it by September 30.
In a February 6 order, Grid-India was asked to develop the necessary software for running the shadow pilot for market coupling.
live bse livense live Volume Todays L/H More ×Shares of IEX (Indian Energy Exchange) gained around 2 percent at mid-day on May 21 after analysts at Investec and Axis Capital upgraded the stock on improved growth outlook.
IEX stock has gained around 4 percent in the last one year and around 200 percent in the last five years.
Axis Capital analysts have also upgraded the stock to an add from an earlier sell due to the improved growth outlook for exchanges.
In August, 2023, the CERC floated a staff paper on market coupling and sought comments from stakeholders on it by September 30. In a February 6 order, Grid-India was asked to develop the necessary software for running the shadow pilot for market coupling.
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nse live Volume Todays L/H More ×
Shares of IEX (Indian Energy Exchange) gained around 2 percent at mid-day on May 21 after analysts at Investec and Axis Capital upgraded the stock on improved growth outlook.
At 12:05 pm, the stock was trading at Rs 162.50. IEX stock has gained around 4 percent in the last one year and around 200 percent in the last five years.
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Analysts at Investec in their note said that IEX was bogged down by a couple of regulatory headwinds, key amongst them being market coupling. The management had recently commented that the implementation of market coupling is still a few years away, moving the risk from an immediate risk to something that is one or two years away. Investec has raised the target price from Rs 135 to Rs 175.
Axis Capital analysts have also upgraded the stock to an add from an earlier sell due to the improved growth outlook for exchanges. Axis Capital has raised the stock's FY2025 and FY2026 EPS by 5 percent and 6.5 percent, respectively.
In August, 2023, the CERC floated a staff paper on market coupling and sought comments from stakeholders on it by September 30. In a February 6 order, Grid-India was asked to develop the necessary software for running the shadow pilot for market coupling.
Also read: MC Explains: What is market coupling and why is it in the news?
The Indian Energy Exchange (IEX) reported a 9.5 per cent rise in net profit to Rs 96.7 crore for the March 2024 quarter against Rs 88.34 crore in the previous fiscal. Total income for the reporting period rose to Rs 149.28 crore against Rs 129.58 crore in the previous fiscal.
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