IEX: Term-Ahead Volumes Surge 101% While Green Market Falls 6% and REC Trading Drops 66%; Decoding the Changing Power Market Mix
India, Oct. 6 -- IEX Share Price: Term-Ahead Volumes Surge 101% as Power Prices Rise; How Did the Green Market Perform?
The shares of this small cap company majorly engaged in providing an automated platform and infrastructure for carrying out trading in electricity units for physical delivery of electricity, were in focus after witnessing change in business mix
With the market capitalization of Rs. 9,372 Crores, the shares of Indian Energy Exchange Ltd were trading at around Rs. 105 per share which is 34 percent discount from its 52 week high of Rs. 160 per share and is trading at a P/E of 19.2 whereas industry P/E stands at 46.7.
Term-Ahead Market Sees a Sharp Pickup
IEX's Day-Ahead Contingency and Term-Ahead Market (TAM) consisti...
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