IEX SHARE NEWS
Stocks in news: YES Bank, DMart, Kotak Bank, Zomato, Hindustan Zinc
Indian markets corrected impacting shares of YES Bank, DMart, and Kotak Bank. Despite this, Zomato and Hindustan Zinc were affected, with DMart reporting increased revenue. Additionally, HDFC Bank's weight in the index may increase, as YES Bank reported growth in loans. Force Motors sales declined, KEC International secured new orders, and IEX saw an increase in electricity volume.
F&O stocks to buy today: RIL, Escorts among top 10 trading ideas for 24 June 2024
Indian market to trade lower with Nifty at 23460 levels. Chandan Taparia from Motilal Oswal Financial Services Limited provides F&O Strategy and expert stock recommendations with targets and stop loss levels.
Stock Radar: IEX hits fresh 52-week high; breaks out of almost 2 years of consolidation
From Rs 144 on May 14 the IEX stock rose to Rs 170 on June 14 — an upside of over 24% in a month. The momentum fuelled a rally in the stock, which hit a fresh 52-week high of Rs 182 on June 14. After a prolonged consolidation of 2 years, it witnessed a time-wise and price-wise correction and eventually found support above 110 levels in June 2023. It quickly recouped losses and built on gains. Despite this, it failed to hold above the 170 level again in January 2024.
F&O stocks: Tata Steel, BPCL among 5 stocks with long buildup
Another couple of points which traders should keep in mind when taking a trade by looking at the matrix of buildup of long positions on the basis of open interest. Also check whether there is any extraordinary buildup of long positions in any out-of-money call option, especially any far-of-the-money call option. That indicates the probability of any informed person taking exposure through options.
IEX shares rally 4% after company reports 15% jump in Q4 PAT
IEX Share Price: Indian Energy Exchange (IEX) shares surged by 4% on Wednesday on the Bombay Stock Exchange (BSE), reaching a high of Rs 151.30 for the day. This increase followed the company's announcement of a 14.7% year-on-year (YoY) rise in its quarterly profit after tax (PAT), reaching Rs 95.1 crore for Q4FY24
In the coming year, power tariff may be slightly lower because fuel supply is better: SN Goel, IEX
SN Goel, CMD of IEX, expects high demand and good supply of power in the country due to increased capacity and comfortable fuel supply. Volume growth on the exchange platform has been around 14%. The upcoming months of April, May, and June, with elections taking place, are expected to have high demand. Long-term generators can sell unscheduled power on exchanges.
IEX stock climbs 3% as total electricity volume increases 15% YoY in December
The exchange witnessed a rise in electricity trading volume, reaching 8,655 MU in December 2023, up by 8.7% compared to the same month in the previous year. For the third quarter of fiscal year 2024, IEX's total volume surged to 28,326 MU, marking a 16.9% growth year-over-year.
Stocks in news: Vedanta, Adani Ports, IndusInd Bank, LTIMindtree, IEX
NHPC has signed a MoU with GPCL for proposed investment of Rs 4,000 crore in Kuppa Pumped Storage Project (750 MW).
F&O stocks: IEX, BHEL and 3 other stocks with short buildup
Coming to the buildup of fresh short positions, When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a long build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price declines.
IEX stock rises over 4% as total electricity volume increases 13% YoY in September
"The demand momentum witnessed in August continued into September. The country's electricity consumption increased to 140 BU (Billion Units) during September '23, compared to 127 BU in September '22, marking a year-on-year increase of 10%," the company said in an exchange filing.
IEX stock rises 4% as total electricity volume increases 21% YoY in August
In August 2023, the country experienced its lowest August rainfall since 1901, resulting in hot weather conditions that led to an unprecedented surge in electricity demand, the company said in an exchange filing.
Sanjiv Bhasin bullish on 3 new age stocks for next 3 years; backs 3 auto stocks
"My dark horse play is IEX. You cannot have a trading platform which has 93% market share and lose trade at this valuation. I am looking at volume growing at not 10, but 12, but 15 times, maybe more in the next three years and the platform is brilliant. So, you cannot have a better play than IEX. Avoid the noise. This is the time to be in IEX and IRCTC, which are two brilliant blue chip businesses. "
IEX stock rises 4% post June quarter results
IEX's revenue from operations for the first quarter came in at Rs 104.03 crore, up 6% from Rs 98.35 crore in the previous year's quarter. Consolidated EBITDA stood at Rs 82 crore in the June quarter, however, the operating margin came in lower at 78.6%, compared to 82.1% in the year-ago period
IEX Q1 Update: Volumes rise 8% YoY; market clearing price at Rs 5.17/unit
For the month of June, IEX's overall volume was at 8946 MU, including green market trade of 272 MU, 5.33 lakh RECs (equivalent to 533 MU) and 2.44 lakh ESCerts (equivalent to 244 MU). The overall volume during the month was higher by 8% on a YoY basis.
IEX stock: Covid-batch multibagger in trouble amid downgrades. What’s the best trading strategy?
Indian Energy Exchange (IEX) stock hit a two-year low of Rs 116 on BSE due to downgrades by brokerages after the power ministry announced the introduction of a market coupling method for spot power trading. The market coupling may damage IEX's "moat" and allow other exchanges to cut into its market share over time, leading to volume growth threat. Nuvama and Antique Stock Broking downgraded the stock to sell.
IEX shares crash on govt’s plans for market coupling
Shares of the Indian Energy Exchange (IEX) fell 18% in two trading sessions due to the Ministry of Power's directions to initiate a market coupling process. This could make prices uniform across platforms, which could reduce the role of energy exchanges. The government entity will make the price discovery, and the exchanges will only serve as an aggregation platform. Analysts advise investors to avoid the stock until the coupling issue is clarified. Market coupling means that a government entity will make the price discovery based on which power will be dispatched on platforms like IEX.
IEX shares tumble 23% in 2 sessions. What's behind the fall & how to trade stock now?
Shares of Indian Energy Exchange (IEX) fell by 15% to a 52-week low of INR116 ($1.56) on NSE on Friday after the Ministry of Power decided to go ahead with market coupling. An independent third-party will collect buy and sell bids and decide a uniform market price across all exchanges. Brokerage firm Nuvama described this move as a big negative for IEX and recommended a "reduce" rating on the stock with a price target of INR127.
Stocks in news: Kotak Mahindra Bank, L&T Finance, HAL, IEX, Blue Dart
Canada Pension Fund will likely sell partial stake in private lender Kotak Mahindra Bank through block deals today, according to reports.
5 retail favourite stocks in trouble after turning multibaggers
Shares of smallcap Brightcom Group, a digital marketing company, had a gravity-defying rally in 2021. The stock is still up over 800% in the last 5 years but has gone down over 77% from its 52-week high level. Brightcom hardly has any analyst coverage. As on December-end, the public shareholding stood at 66.91%.
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